Question

On selling an article for ₹828, a shopkeeper incures a loss of 8%. At what price should he sell it to again 5%?

Answer 1

Selling price of article, S.P.=Rs.810  

Percentage Loss =10%  

Let cost price is x  

then Loss =C.P.−S.P.=x−810  

Now, Loss%=  

C.P.  

Loss  

x=100  

10=

x  

x−810  

×100  

1=  

x  

x−810  

×10  

x=10 x−8100  

9 x=8100  

x=Rs.900

Answer 2

Answer:

Step-by-step explanation:

SP= ₹828

Loss%= 8%

CP= ?

CP of the article/SP = [100/100-Loss%]

CP/828 = ₹[100/100-8]

CP = ₹ [100/92 x 828]

CP = ₹ [100 x 9]

CP = ₹900

Now, CP = ₹900

         Expected gain = 5%

Expected SP/CP = [100+Profit%/100]

SP = ₹[100+5/100] x 900

SP = ₹105 x 9

SP = ₹945