Question

By selling an article for rupees 168 5% profit is made for what price should it be sold to gain 10%
Explain in steps plzz

Answer 1

Answer:

Rs.176

Step-by-step explanation:

SP = 168

Profit% = 5

Now,

Profit% = 5

This means that if CP = 100 then SP = 105

Given: SP = 168

=> CP = (168*100)/105 = 160

Part II

To find SP such that Profit% = 10

Profit% = 10

This means that if CP = 100 then SP = 110

Given: CP = 160

=> SP = (160*110)/100 = 176

To make a profit of 10%, the article will have to be sold at Rs.176

More explanation:

Profit% is nothing but the percentage by which sellling price exceeds the cost price.

If say Profit = 5% then

SP = CP + 5% of CP

SP = CP + 0.05*CP

SP = 1.05*CP

Let P% be the profit % made, then:

SP = [1 + (P%/100)]*CP

Using this, you can find any one unknown, when two values are known.