Question

If a radio is sold for 1440, then there is a loss of rs. 100 for how much more money one should sell it to get the profit of 10%?

Answer 1

Hey!
Here is your answer...

SP = Rs.1440
Loss= Rs.100
CP=SP+Loss

=1440+100
=1540

So the cost of the radio is Rs.1540.

Profit%=10%

New SP= ((100+P%)/100)×CP

=((100+10)/100)×1540
=(110/100)×1540
=1694

So if the radio's SO was Rs.1694, one would have earned 10%, but one sold it for Rs.1440.

So 1694-1400=294

So if one sold it for Rs.294 more than what he sold the radio for, he would have earned 10%.