Question

By selling an article for Rs 240 a man incurs a loss of 10%. At what price should he sell it so that he makes a profit of 20%?​

Answer 1

Answer:

Rs. 320

Step-by-step explanation:

selling price of article = 240

loss % = 10

let the cost price = x

SP = CP - loss%

240 = x - 10%

240 = x - (10/100 × x)

240 = x - 10x/100

240 = (100x - 10x)/100

240 × 100 = 90x

x = 240 × 100/90

x = 267

CP of article is Rs. 267 approx

to make a profit of 20%

SP = CP + profit%

= 267 + 20%

= 267 + (20/100 × 267)

= 267 + (1/5 × 267)

= 267 + 53.4

= 320

the selling price to get 20% profit should be Rs. 320

hope you get your answer