Question

by selling a chair for rs 900, a retailer lost 10%. for what price should he sell it to get a profit of 10%

Answer 1

answer is rupees1100

Answer 2

Answer:

He should sell it at Rs.1100 to get a profit of 10%

Step-by-step explanation:

SP of chair = Rs.900

Loss% = 10%

Formula : $CP =\frac{SP \times 100}{100 -L\%}$

$CP =\frac{900 \times 100}{100 -10}$

$CP =1000$

Now he wants to know the SP to get a profit of 10%

CP = 1000

Profit % = 10%

Profit = $\frac{10}{100} \times 1000$

Profit = $100$

SP = CP+Profit

SP=Rs.1000+Rs.100

SP=Rs.1100

Hence he should sell it at Rs.1100 to get a profit of 10%