Question

If a man were to sell his old sewing machine for Rs 840, he would make a loss of 25% . Find the selling price if he wished to make a profit of 20%.

Answer 1

Answer:

₹1008

Step-by-step explanation:

Let the actual price be x.

Then x- (25x/100) = 840

(100x/100) - (25x/100) = 840

(100x-25x/100) = 840

75x/100 = 840

3x/4 = 840

x = 840 * 4/3

x = 280*4

x = 1120

Hence, the actual price is 840 rs.

So, to make a profit of 20%

=840 + [(20/100) * 840]

=840 + 168

=1008

Hence to make a profit of 20% he will sell the machine at ₹1008

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