Question

If by selling a pen rs 80 a man loses 4% for what amount should he sell it so as to gain 20%

Answer 1

Answer:

80×100/96=250/3

250/3×120/100=100ans.

Answer 2

The selling price of pen should be 100 rupees.

Step-by-step explanation:

Consider the provided information.

It is given that the selling price of the pen is 80 rs and man loses 4%.

To find the cost price use the formula: $CP = \dfrac{SP\times 100}{100-loss\%}$

Substitute the respective values in the above formula.

$CP = \dfrac{80\times 100}{100-4}$

$CP = \dfrac{80\times 100}{96}$

$CP = \dfrac{5\times 50}{3}$

$CP = \dfrac{250}{3}$

The cost price of pen is $\dfrac{250}{3}$.

To get 20% profit sell the pen for:

$\dfrac{250}{3}+\frac{20}{100}\dfrac{250}{3}=\dfrac{250}{3}(1+0.2)$

$\dfrac{250}{3}(1.2)=100$

Hence, the selling price of pen should be 100 rupees.

#Learn more

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