by selling a VCR for rs.12000.A loss of rs. 2000is suffered.Find its cost price.For how much should it be sold to gain 12%?
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selling price (s.p)= RS12000
loss=l=Rs 2000
1)
cost price =(c.p) = s.p+loss
=12000+2000
=Rs14000
2)c.p =Rs14000, gain(g) =12%
s.p = c.p(100+g)/100
s.p =14000(100+12)/100
= 14000*112/100
=140*112
=Rs15680
to get 12% gain he has to sell it Rs 15680
loss=l=Rs 2000
1)
cost price =(c.p) = s.p+loss
=12000+2000
=Rs14000
2)c.p =Rs14000, gain(g) =12%
s.p = c.p(100+g)/100
s.p =14000(100+12)/100
= 14000*112/100
=140*112
=Rs15680
to get 12% gain he has to sell it Rs 15680
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