Question

By selling a t shirt for rs 432 , a shopkeeper loses 4% for how much would he sell it to gain 6%

Answer 1

S P of shirt =432
loss is equal to 4 %
hence, sp plus loss
cp = 432 plus 4%of cp
cp = 432 plus 4/100*cp
cp = 432 plus cp/25
cp -cp/25 = 432
24cp/25 = 432
cp = 432*25/24
cp = 450
hence, cost price =rs 450
profit =6%
profit =6%of cp
profit = 6/100*450
profit = 27
hence, profit = rs 27
therefore, sp =cp plus profit
= 450 plus 27
= 477rs
So he sell at rs 477 to gain 6% .