Question

Hello mates.......................
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Answer 1

Given:----

• SP previous = 550

• Loss % = 12

Formula used :---

• CP = SP*100/(100-Loss%)

Solution:----

Putting values we get,,

→ 550*100/88 = 625

now, to gain at 12% gain he must sold it for =

SP = CP*(100+P%)/100 = 625*112/100 = 700 (Ans)

Answer 2

Hello Mate,

Here is your answer,

Given:

Selling Price = ₹550

Loss = 12%

To Find:

The selling price for the dealer to get the profit of 12%

Formulas Used:

Cost price =

$selling \: price \times \frac{100}{100 \: - \: loss \: percentage}$

And

Selling Price =

$cost \: price \times \frac{100 \: + \: profit \: percentage}{100}$

Solution:

By using the Cost Price formula,

the cost price of the suitcase is

$550 \times \frac{100}{100 - 12 } \\ \\ = 550 \times \frac{100}{88} \\ \\ = 625 \: rupees$

Now we should use the selling price formula as we should know what is the amount of the profit obtained if 12% profit is earnt for ₹625

$selling \: price = 625 \times \frac{100 \: + \: 12}{100} \\ \\ = 625 \times \frac{112}{100} \\ \\ = 700 \: rupees$

So, we can say that the dealer will earn a profit of 700 - 625 = ₹75 if the suitcase is sold with a 12% profit

Hope it helps:)