Question

If a product is sold for Rs 360, there would be 10% loss. What should be the price of the product so that there is 20% profit?

Answer 1

Step-by-step explanation:

$price \: of \: a \: product = 360 \\ loss \: of \: 10\% = 360 - 360 \times \frac{10}{100} \\ = 360 - 36 \\ = 324 \\ price \: of \: 20\% \: profit = 360 + 360 \frac{20}{100} \\ = 360 + 76 \\ = 436$

Answer 2

Answer:

Rs 480

Initial S.P. = Rs 360 and loss = 10%

C.P. is given by,

C.P. = 100 × S.P./100 - loss%

C.P. = 100 ×360/ 100 -10

= 100 × 360/90

= 400

We want to sell the product with 20% profit.

profit = C.P. × profit%/100

profit = 400 × 20/100 = 80

Selling price = C.P. + profit = 400 + 80 = 480

I am sure this answer is right because its what my teacher gave

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