Question

if a shopkeeper sells an article for 2614 hi induce a loss of 12 % what should be the selling price be in order to gain 12%

​

Answer 1

Step-by-step explanation:

Let the C.P. be Rs. x.

Loss =12.5%

So, the S.P. will be Rs. 0.875x

To gain 6%, his S.P. must be Rs. 1.06x.

The difference in selling price =1.06x−0.875x=92.50

0.185x=92.50 ; x= Rs. 500

The cost price of the item is Rs. 500.