Question

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%?

Answer 1

SP = Rs.10.68

CP = 10.68 x 100/89 = Rs.12

SP should be to get 10% profit = 12 x 110/100 = Rs.13.20