Question

By selling a watch for 3 1,275, Harish lost 15%. At what price should he sell to make a profit of
10% ?
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Answer 1

Answer:

Step-by-step explanation:

given s.p of watch  = Rs. 31,275

let c.p of watch be 100%

Loss = 15%

∴ s.p of watch = 100% - 15% = 85%

If the watch is to be sold at 10% profit, then new s.p = 100% + 10% = 110%

if 85% = Rs. 31,275, 110% = (110×31275) ÷ 85 = 40,473.5

∴ The selling price of the watch to gain 10% profit = Rs. 40,473.50