Question

By selling a table at rs 500 he got a loss of 10% how much he should sell to gain 8%

Answer 1

Answer:

Rs. 600 approx

Step-by-step explanation:

selling price of table = Rs. 500

loss% = 10

let the cost price be x

SP = CP - LOSS%

$500 = x - 10\% \\ 500 = x - \frac{10}{100} x \\ 500 = x - \frac{x}{10} \\ 500 = \frac{10x - x}{10} \\ 500 \times 10 = 9x \\ x = \frac{500 \times 10}{9} \\ x = 55.5 \times 10 \\ x = 555$

therefore the cost price is Rs. 555

to gain a profit of 8%

SP = CP + 8%

$= 555 + 8\% \\ = 555 + ( \frac{8}{100} \times 555) \\ = 555 + (8 \times 5.55) \\ = 555 + 44.4 \\ = 599.4$

to get profit of 8% the article should be sold at = Rs. 600 approx

hope you get your answer