Question

By selling a piece of cloth for RS. 65 shopkeeper makes a profit of 65%. what is the cost price of the piece of cloth?​

Answer 1

The Selling Price should be Rs. 140.4 to get gain of 4%

Given :

Selling the cloth at Rs. 126.90 makes loss of 6%

To find :

Selling price of the cloth to get 4% gain

Solution :

Here,

• Selling Price (SP) = Rs. 126.90

• Loss % = 6%

• Cost Price (CP) = ?

★   Here,

Cost Price (CP) = Rs.135 (from above)

Profit % = 4%

Selling Price (SP) = ?

★   As We got the Selling Price, now solve for Gain% to Verify the answer.