Question

by selling a vessel for Rs 186, a dealer losses 7%.At what price should he sell it to gain 12%
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please help me

Answer 1

As he loses 7 % then let initial amount be x thus 186 is the 93 % of x hence equate (93/100)*x = 186. The x comes out to be 200. Now to gain 12 % profit find 12 % of 200 which is 24 by calculating hence add it to 200. Thus the final amount comes out to be 224