Question

By selling a piece of cloth for 17.50 a cloth merchant suffers a loss of 12 1/2. At what price should he sell the cloth piece to get a gain of 20%.​

Answer 1

Answer:

First find the CP

CP=100/100-12.5*17.5

=20

Find the SP when he gains 20%

SP=100+20/100*20

=24