if 11% is lost on books sold at rs 10.68 what was the cost price of the books? at what price should they be sold at to yield a profit of 10%
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Given,
L%=11%
S.P= rs 10.68
C.P=100×S.P/100-L%
= 100×10.68/100-11
= 1068/89=rs 12
To find,
S.P= C.P×100+P%/100
To gain 10% ,selling price should be,
S.P= 12×100+10/100
12×110/100
66/5
13.2
Therefore, S.P =rs 13.2
L%=11%
S.P= rs 10.68
C.P=100×S.P/100-L%
= 100×10.68/100-11
= 1068/89=rs 12
To find,
S.P= C.P×100+P%/100
To gain 10% ,selling price should be,
S.P= 12×100+10/100
12×110/100
66/5
13.2
Therefore, S.P =rs 13.2
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