Question

BY SELLING A WATCH FOR 1275 JAVED LOST 15%. AT WHAT PRIZE SHOULD HE SELL TO MAKE A PROFIT OF 10%?

Answer 1

actual price be x
so 85% of x = 1275
85/100*x=1275
x=1275*20/17
x=75*20
x=1500

if he got 10% profit , so money = 110%*1500
11*150
=1650

Answer 2

Let the cost price = x


Selling price = 1275.


Loss percentage = $\frac{ Loss}{Cost Price} * 100$ = 15%   [Given]


LP = $\frac{x-1275}{x} * 100= 15 \\ \\ 100x -127500 = 15x \\ \\ 85x = 127500 = 1500$


Therefore Cost Price = x = 1500

When a profit of 10% is added,

SP = CP + $\frac{Profit Percentage}{ 100} * CP$ = 1500 + $\frac{10}{100} * 1500$

= 1500 + 150

= 1650

Therefore, Javed should sell the watch at Rs. 1650to make a profit of 10%.


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