By selling an article for Rs. 220 a man loses 12%. At what rate must he sell so as to gain 16%?
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Answer:
He must sell at 290 to gain 16%
Step-by-step explanation:
CP = x
Loss % = 12%
SP = 220
x - 12/100 × x = 220
x - 3x/25 = 220
25x/25 - 3x/25 = 220
22x/25 = 220
x = 220 × 25/22
x= 250
CP = 250
Gain % = 16%
250 + 16/100 × 250 = SP
250 + 40 = SP
SP = 290
∴ He must sell at 290 to gain 16%
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