By selling an article for rupees 700, the loss is 20%,for how much should the article be sold
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By selling an article for Rs 700, the loss is 20%. To make a profit of 20%, for how much should the article be sold?
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Solution
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Let x be the cost price of article.
Therefore,
x−
100
20
x=700
x−
5
x
=700
5x−x=3500
x=
4
3500
=875
Thus the cost price of article is Rs.875.
Now to make profit of 20%,
Selling price
=875+
100
20
×875
=875+175=Rs.1050
Hence, to make 20% profit, the article should be sold for Rs.1050.
- As per the data given in the question, we have to determine the required number.
Given data:- Selling price and loss is
To find:- How much article will be sold.
Solution:-
Let be the cost price of the article.
Therefore,
Thus the cost price of an article is
Now to make a profit of
Selling price
Hence, to make profit, the article should be sold for .