on selling a camera for 2500, the seller gains 5.5%. For how much he should sell it to gain 8%.
Answers
Answer:
3125
Step-by-step explanation:
find the profit of the selling price. Then divide it by 5.5 and multipy it with 8.Now, subtract the profit of 5.5 with the selling price and add the answer we get from multiplying with 8. Your answer is ready
Given :-
♦ On selling a camera for Rs. 2500 the seller gains 5.5%
To find :-
♦ The selling price of the camera for getting 8% of gain .
Solution :-
Given that
The Selling Price of the camera
= Rs. 2500
Gain percentage on it = 5.5%
We know that
★ Cost Price = (100×SP)/(100+g)
The Cost Price of the camera
= (100×2500)/(100+5.5)
= 250000/105.5
= 250000/(1055/10)
= 250000×(10/1055)
= 2500000/ 1055
= 2369.668...(approximately)
Therefore, The Cost Price of the camera
= Rs. 2370 ( correct it to near tens )
Required gain percentage on it = 8%
Let the Selling Price of the camera be Rs.X
We know that
★ Selling Price = [100+g)/100]×CP
=> Selling Price = [100+8)/100]×2370
=> Selling Price = (108/100)×2370
=> Selling Price = 1.08×2370
=> Selling Price = 2559.6
Therefore, The Selling Price = Rs. 2560
( correct it to near tens )
Answer :-
→ The selling price of the camera should be Rs. 2560 to get 8% of gain
Used formulae :-
♦ Selling Price = [100+g)/100]×CP
♦ Cost Price = (100×SP)/(100+g)
- SP = Selling Price
- CP = Cost Price
- g = gain or profit