Question

if a mechanic suffers a loss of 5% on selling and FM radio for rupees 166.25 at what price must be sold to earn a profit of 10%

Answer 1

Answer:

Step-by-step explanation:

Answer 2

It should be sold at Rs.192.5 to earn a profit of 10%

Step-by-step explanation:

Let the cost price of radio be x

Loss% = 5%

SP of radio = CP-LOss

SP = x-0.05x=0.95x

We are given that sp of radio is Rs.166.25

So, 0.95x=166.25

$x=\frac{166.25}{0.95}$

x=175

Now we are supposed to find at what price must be sold to earn a profit of 10%

So, CP = RS.175

Profit% = 10%

SP=CP+Profit

SP = 175+0.1(175)

SP=192.5

Hence It should be sold at Rs.192.5 to earn a profit of 10%

#Learn more:

A shopkeeper earns a profit of 15 percent on selling a radio whereas if it is sold for rupees 360 less he suffers a loss of 15 percent what is the cost price of the radio for the shopkeeper​

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