Question

By selling an article at ₹ 540,a profit of 100/8% is made. In order to double the profit, at what price should the article be sold?​

Answer 1

Answer:

Let its cost price be Rs. Y

From the problem’s statement

⇒ 540 - x = x – 370

⇒ 2x = 910

⇒ x = 455

If it was sold for Rs. 910

⇒ Profit = 910 - 455 = 455

⇒ Profit % = Profit × 100/CP = 455 × 100/455

⇒ Profit % = 100

∴ The profit percentage will be 100%

Answer 2

Answer:

Step-by-step explanation:

The profit made by a shopkeeper on selling an article for Rs. 760 is doubled the loss incurred when the same article is sold for Rs. 700. What will be the selling price of the article for a gain of 12.5%