Question

FIND THE SIMPLE INTEREST ON RS. 1575 A,PERSON LOOSES 23%. HOW MUCH SHOULD HE SELF FOR TO MAKE A PROFIT OF 13%????? ​

Answer 1

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364Rs.

Answer 2

Step-by-step explanation:

Solutions :-

We have,

S. P. = Rs 2070

Loss% = 8%

Find the Cost Price (C. P.) :-

Let the C. P. be x

Now,

C.P. = S. P. + Loss

A/q

=> x = 2070 + 8% of x

=> x = 2070 + 8/100 × x

=> x = 2070 + 0. 08x

=> x - 0.08x = 2070

=> 0.92x = 2070

=> x = 2070/0.92 = 2250

So,

C.P. = x = 2250

If the selling price (S. P.) of table is Rs 2400

S. P. > C. P.

Therefore, Profit

Profit = S.P. - C. P.

= Rs ( 2400 - 2250) = Rs 150

Now,

Profit% =  Profit/C.P.  × 100%   

=  150/2250  × 100% = 6.66%

Hence,

He gain 6.66% by selling it for Rs 2400.