Question

pemba sold a freeze for rs 23200 by making 16 % profit . if he would want to make 24% profit, at what price should he have sold it ?

Answer 1

Answer:

he should have sold it at rs24800.

Step-by-step explanation:

1.let the original price be x.

2.atq- x+16%x=23200

3.x value which is origin price is 20,000

4.at 24% profit% the new price is

20000+24%20000=24800.

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Answer 2

Given that:

• Pemba sold a freeze for Rs 23200 by making 16% profit.

To Find:

• If he would want to make 24% profit, at what price should he have sold it?

We know that:

CP = (SP × 100)/(100 + P)

Where,

• CP = Cost price
• SP = Selling price
• P = Profit %

We have:

• SP = Rs 23200
• P = 16%

Finding the cost price of freeze:

↣ CP = (23200 × 100)/(100 + 16)

↣ CP = 2320000/116

↣ CP = 20000

Now we have:

• CP = Rs 20000
• P = 24%

Finding the new SP:

↣ 20000 = (SP × 100)/(100 + 24)

↣ 20000 = 100SP/124

↣ 20000 × 124 = 100SP

↣ 2480000 = 100SP

↣ 2480000/100 = SP

↣ 24800 = SP

↣ SP = 24800

Hence,

• He should have sold it at Rs 24800 to make 24% profit.