Question

On selling a bag for rupees 704 ,a shopkeeper suffers a loss of 12 percent then at what price should he sell the object to gain 7.5 percent profit?

Answer 1

SELLING PRICE ON BAG TO GET THE PROFIT OF 7.5% IS Rs. 860

Answer 2

Answer:

Rs.860

Step-by-step explanation:

Let the CP of a bag be x

Loss = 12%

$SP = \frac{CP(100-L\%)}{100}$

$SP = \frac{x(100-12)}{100}$

$SP = \frac{x(88)}{100}$

$SP =0.88x$

Sp of bag = Rs.704

So,$0.88x = 704\\x= \frac{704}{0.88}\\x=800$

CP = Rs.800

Profit% = 7.5

$SP = \frac{CP(100+P\%)}{100}$

$SP = \frac{800(100+7.5)}{100}$

$SP = 860$

Hence He should sell at Rs.860 to gain 7.5% profit