Question

By selling an article for Rs. 285, a dealer incurs a loss of 5 %. At what price should he sell it so as to make
a profit of 10 %?

Answer 1

Step-by-step explanation:

Answer is 330

Mark me as BRAINLIEST.

Answer 2

Answer:

₹330

Step-by-step explanation:

Given:

Selling Price of the article= ₹285

Loss%= 5%

Profit% needed= 10%

We know that,

Cost Price= Selling Price X 100/(100-L%)

Cost Price of this article= 285 X 100/(100-5)

                                        = 285 X 100/95

                                          = ₹300

We know that,

Profit= P% X Cost Price

Profit required on this article= 10/100 X 300

                                                  = ₹30

Required Selling Price= 300+30

                                      = ₹330

Therefore, we need to sell the article at ₹330 to have a profit of 10%