Question

By selling a cycle for 32040, Anant loses 15% of
his investment. What should be his selling price
if he wants to make a gain of 10%?​

Answer 1

Answer:

Let Anant investment be X

Now,

If selling price is 32,040 he loses 15% of his investment

(X x 15)/100 +32,040 =X

(15X +32,04,000) /100 = X

15X +32,04,000 =100X

32,04,000 =100X - 15X

32,04,000 =85X

X = 32,04, 000/85

X= 37,694.117

Now, if he wants to gain 10% profit on investment so the selling price should be

=(37,694.117 x 10)/100 + 37,694.117

= 41,463.528

Therefore, ₹ 41,463.528 should be the selling price if he wants 10% profit.