On selling an article for 240 - a trader loses 4%. In order to gain 10%, he must sell that article for
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first we have to find the cp of the article.
using the formula we put up the value.
cp=sp*100/100-losspercent
240*100/100-4
24000/96
cp=250
as we get the value of cp
we will find the sp in order to gain 10percent
sp=cp(100+gainpercent)/100
250(100+4)/100
250*104/100
26000/100
sp=260
in order to gain 10percent he must sell that article for 260
using the formula we put up the value.
cp=sp*100/100-losspercent
240*100/100-4
24000/96
cp=250
as we get the value of cp
we will find the sp in order to gain 10percent
sp=cp(100+gainpercent)/100
250(100+4)/100
250*104/100
26000/100
sp=260
in order to gain 10percent he must sell that article for 260
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2
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