deepak sod a study table for rs2231 at loss of 3% . at what price should he sell it so as to gain 5%
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The Study Table should be sold at Rs. 2415/- to gain 5% profit.
Let cost price of study table be CP. It is sold at loss 3%
⇒2231=( 100−3/ 100 )×CP
⇒2231= 97/100 ×CP
⇒CP=Rs.2300
Let the price to sell at gain of 5% be SP
⇒SP=2300+(0.05×2300)
⇒SP=1.05×2300=2415
⇒SP=Rs.2415
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