Question

By selling a computer for Rs.23520, the shop keeper lost 4%. At which price should it be sold to a profit 8%?

Answer 1

4% loss means he sold at 96%
so 96% = 23520
Then he need 8% profit means he is asking the value of 108%
so 108% = (23520/96)×108
= 245×108 =26460Rs

Answer 2

To know the price of the computer to sell at a profit of 8%, the cost price should be calculated. We need to calculate it by using a method given below:

                   $CP = \frac {100} {100 - Loss percent}\times SP$

                   $CP = [100/(100-4\quad percent)] \times23520$

                   CP = 24500

To find the selling price to gain a profit of 8%

                  $SP=[\frac{100+Gain\quad percent} {100}] \times CP$

                  $SP=[\frac{100+8percent}{100}]\times24500$

                  SP =26460

Therefore, the price of the computer to sell at a profit of 8% while having a loss of 4% is Rs. 26,460.