By selling a set of home appliances for 3625, a shopkeeper losses 15%. Due to competition in the market, he decided to gain 10% only. What will be the new selling price?
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Answer:
SP = ₹4670.94
Step-by-step explanation:
let, CP = ₹ X
SP =₹ 3625
loss%= 15%
loss% = ( CP - SP)×100/CP
15= (X - 3625 )× 100/X
15X = 100X - 362500
85X = 362500
X = 4624.7
CP =₹ 4624.7
NOW, CP = ₹4624.7
GAIN%= 10 %
SP = ₹Y
GAIN% = ( SP - CP)× 100 / CP
10 = ( Y - 4624.7 ) ×100/ 4624.6
4624 = 100Y - 462470
100Y = 467094
Y = 4670.94
so, new selling price = ₹ 4670.94
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