By selling a plastic toy for rs 47.a retailer loses 6% for what amount should he sell it so as to get 20% profit? give full solving
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Step-by-step explanation:
SP of the toy car = ₹ 47
let the CP be ₹ 100
then,
loss = 6/100 × ₹ 100 = ₹ 6
SP = ₹ 100 - ₹ 6 = ₹ 94
when SP = ₹ 94, CP = ₹ 100
SP = ₹ 1, CP = ₹ 100/94 = ₹ 50/47
SP = ₹ 47, CP = ₹ 50/47 × 47 = ₹ 50
CP of the toy = ₹ 50
ATQ,
profit should be 20%
profit = 20/100 × ₹ 50 = ₹ 10
SP = CP + profit = ₹ 50 + ₹ 10 = ₹ 60
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