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

Answer:

Step-by-step explanation:

S.P=4,050

Loss %=10%

now,

l%=C.P-S.P/C.P*100%

10=C.P-4050/C.P*100

10C.P=100C.P-4,05,000

90C.P=4,05,000

C.P=4,500.

Therefore, the cost of an article is Rupees 4,500.

and,

Profit %=8%

then,

p%=S.P-C.P/C.p*100%

8=S.P-4500/4500*100

8*4500=100S.P-4,50,000

36,000=100S.P-4,50,000

4,86,000=100S.P

S.P=4,860.

Therefore, the new selling price is Rupees 4,860.