Question

If a car is sold for rs.24000.then there will be a loss of 4%.at what price should it be sold so as to gain 12%?

Answer 1

SP=rs24000
loss=4℅
CP=100×SP/100-L%
=100×24000/100-4
=100×24000/96
=100×250=rs25000
So,CP=rs25000
Profit=12%
SP=(100+P%)×CP/100
=(100+12)×25000/100
=112×250=rs28000
So,SP=rs28000.