Question

by selling an article at 1296 the man incurs a loss of 4%.at what price should he sell the article to gain 5%?
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Answer 1

Step-by-step explanation:

$c.p \: of \: article = ( \frac{100}{100 - 4} ) \times 1296 \\ = \frac{100}{96} \times 1296 = 1350$

$s.p \: for \: 5\% \: gain = (\frac{100 + 5}{100} ) \times 1350 \\ = \frac{105}{100} \times 1350 = 1417.50$

Answer 2

Step-by-step explanation:

Rs 1296 = CP - 4% of CP

1296 = 0.96 CP

CP = 1296 /0.96

= Rs 1350

SP = how much, so that profit = 5%

SP = CP + 5% of CP

SP = 1.05 CP

SP = 1.05 × 1350

= 1417. 5 (ans)

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