Question

Monu and Sonu purchased one mobile phone each for the same price. Monu sold it for 14880
and lost 7%. At what price should Sonu sell his mobile phone so as to earn a profit of 5%?​

Answer 1

Sonu sold the phone with 7% loss.

so we can say

the buying price is

14880+{14880×(7/100)}

= 14880+1041.6

=15921.6

then to make profit of 5%

Sonu's selling price was

15921.6+{15921.6×5/100)}

= 15921.6+ 796.08

=16717.68 rupees.