Question

on selling an auto rickshaw for rs.3560;loss is 12% . for how much should it be sold to gain 12%.

Answer 1

The amount for which the auto rickshaw must be sold in order to get a profit of 12% is Rs. 48545.4.

• Let the cost price of the auto rickshaw be x.
• Selling price of the auto rickshaw is Rs. 3560.
• Now on selling the auto rickshaw for Rs. 3560, the loss incurred is 12%.

x - 0.12x = 3560

0.88x = 3560

x = 4045.45

• Now for gaining 12% , the selling price will be (x + 0.12x)

1.12x = 1.12×4045.45 = 48545.4

• Therefore, the auto rickshaw must be sold at Rs. 48545.4 to get a profit of 12%.