Question

by selling a wrist watch for rs 660 ,a shopkeeper loses 12% of its cost .at what price should it be sold in order to gain 8 %.

Answer 1

Answer:

Rs 810

Step-by-step explanation:

Let say cost price = C

Loss = 12 %

Loss = (12/100)*C = 0.12C

Selling Price = C -0.12C = 0.88C

0.88C = 660

C = 750

To gain 8 %

Gain = (8/100)*750 = 60

Selling Price = 750+60 = 810

Rs 810