Question

Find the cost price of an article, which is sold for 4,050 at a loss of 10%. Also, find
the new selling price of the article which must give a profit of 8%.​

Answer 1

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Answer 2

LP = loss percentage

PP= profit percentage

Cost price( CP)=[ 100/100-LP]xSP

=[100/100-10]x4050

=[100/90]x4050

=405000/9

=4500

Selling Price (SP)= [100+PP/100]xCP

=[100+8/100]x4500

=[108/100]x4500

=486000/100

=4860

hope it helps you