Question

By selling a horse for ₹ 2400 a person loses 20%. For how much should he sell the same horse to gain 15%?.

Answer 1

Step-by-step explanation:

Selling price=₹2400

Loss%= 20%

Since there is a loss occuring, so,

C.P.>S.P.

And, Loss=C.P. - S.P.

=C.P. - ₹2400. ---(1)

We know, Loss%= (Loss/Cost Price)×100%

-> 20%= (Loss/Cost Price)×100%

=( (C.P.-₹2400) / C.P. )×100%

Now, on cross- multiplication, we get,

-> 20% × C.P./100%= C.P. - ₹2400

On shifting values,

₹2400= C.P.- C.P./5

->C.P.= ₹2400 × 5/4

= ₹3000

To incur 15% profit,

The horse should be sold at =

₹3000+15% of ₹3000 = ₹3450