Madan purchased 2 plastic toys at the same price he sold one of the toy at rs 46 with a loss of 8 percent..at what price should he sell the second toy so as to gain 5percent on the hole transaction
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Step-by-step explanation:
so here we have SP of a toy = 46 rs
and loss percentage = 8 %
now CP of one can be found by
(SP × 100) / (100 - loss %)
= (46×100) / (100 - 8)
= 4600/ 92
= 50
CP = 50
now CP of both of them are same so CP of second toy will be = 50 rs
and its profit percentage = 5%
now we know that SP
= CP( 100 + gain% ) / 100
= 50 ( 100 + 5) / 100
= 105 / 2 = 52 . 5 rs
so SP = 52.5 rs answer
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