Question

If selling price of tape recorder is Rs. 6000 and loss incurred is 1000 than what is the amount of cost price and at how much should we sell the tape recorder to gain 16% profit ??? PLEASE ANSWER AS QUICK AS POSSIBLE . BEST ANSWERS WOULD BE MARKED AS BRAINLIEST

Answer 1

Answer:

Rs8120

Step-by-step explanation:

let s.p be the selling price

and c.p be the cost price

and L be the loss

s.p=6000

L=1000

s.p=c.p-L

therefore 6000=c.p-1000

Cost Price=Rs7000

if c.p=7000

gain=16% of c.p

therefore Gain=(16/100)(7000)

Gain=1120

let selling price to record a gain of 16% be S.P

S.P=c.p+gain

S.P=Rs7000+Rs1120

therefore S.P=Rs8120