Question

by selling a tie for rs 252 a shopkeeper gains 5%. at what price should sell the tie to gain 35 %​

Answer 1

Answer:

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