by selling an umbrella for 115.20, Kishore loses 10% .at what price must he sell it to gain 25%.
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Hey there!
C.P = 100 S.P/100-L
= 100 ✖ 115.20 / 100-10
= 11520/90
= 128 Rs.
So new S.P
S.P = [ 100 + g ] C.P / 100
= 100+25 ( 128) / 100
=160 Rs.
Kishore must sell the umbrella for 160 Rs to gain 25%
C.P = 100 S.P/100-L
= 100 ✖ 115.20 / 100-10
= 11520/90
= 128 Rs.
So new S.P
S.P = [ 100 + g ] C.P / 100
= 100+25 ( 128) / 100
=160 Rs.
Kishore must sell the umbrella for 160 Rs to gain 25%
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