Question

By selling a rickshaw for Rs 9240, Bansi loses 12%. For how much should he sell it to gain 12%?
I need help!!

Answer 1

Answer:

Rs 11760 is the answer

Step-by-step explanation:

9240 ÷ (100-12)

=105

so 105× (100+12)

=11760

if you sell at 11760 u will gain 12%

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Answer 2

Given:

The selling price of a Rickshaw is Rs.9240. The loss incurred is 12%.

To Find:

The selling price of the Rickshaw if is sold at 12% gain.

Solution:

Use the formula ${\rm Loss\, Percent}=\frac{\rm CP-SP}{\rm CP}\times 100$ to find the cost price of the Rickshaw.

$12=\frac{\rm CP-9240}{\rm CP}\times 100$

$CP={\rm Rs}.10500$

Use the formula ${\rm Profit\, Percent}=\frac{\rm SP-CP}{\rm CP}\times 100$ to find the selling price of the Rickshaw.

$12=\frac{\rm 10500-SP}{\rm 10500}\times 100\\SP=Rs. 11760$

Thus, the selling price of the Rickshaw if it is sold at 12% gain is Rs.11760.