By selling a tie for 252, a shopkeeper gains 5%. At what price should he sell the tie
to gain 35%?
Answers
Answer:
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Answer:
Rs 324
Step-by-step explanation:
Let the Cost Price be Rs a
Gain percent = 5 %
Selling price = 252
=> Cost Price + Gain = 252
=> a + 5 % of a = 252
=> a + 5a/ 100 = 252
=> a + a/20 = 252
=> 21a/20 = 252
=> a = 252 × 20 / 21
=> a = 12 × 20
=> a = 240
Cost Price = Rs 240
Now,
To get 35 % Gain,
Selling price = Cost Price + 35% of Cost Price
SP = 240 + 35× 240 / 100
SP = 240 + 7 × 12
SP = 240 + 84
SP = Rs 324
To get 35 % Profit, he should sell the tie in Let the Cost Price be Rs a
Gain percent = 5 %
Selling price = 252
=> Cost Price + Gain = 252
=> a + 5 % of a = 252
=> a + 5a/ 100 = 252
=> a + a/20 = 252
=> 21a/20 = 252
=> a = 252 × 20 / 21
=> a = 12 × 20
=> a = 240
Cost Price = Rs 240
Now,
To get 35 % Gain,
Selling price = Cost Price + 35% of Cost Price
SP = 240 + 35× 240 / 100
SP = 240 + 7 × 12
SP = 240 + 84
SP = Rs 324
To get 35 % Profit, he should sell the tie in Rs 324
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