Question

Q3: Javaid loses 5% by selling a washing machine for Rs. 1045. For how much should he sell the washing machine to gain 5 %

Answer 1

let the cost price of washing machine be' Rs x'

loss = 5 % of C.P = 5 % of x

= 5 / 100 × x = 0.05 x

selling price of washing machine

= Rs1045

C.P - loss = 1045

x - 0.05 x = 1045

x( 1 - 0.05 ) = 1045

0.95 x = 1045

x = Rs Rs 1100 = cost price
_______________________________
according to question

gain on machine should be = 5%

gain = 5 % of x

= 5% of 1100

= 0.05 × 1100 = Rs 55
_______________________________
New selling price should be

= C.P + gain

= 1100 + 55 = 1155

= Rs 1155

therefore, he should sell washing machine for Rs 1155 to gain 5% _______________________________
Your Answer : Rs 1155
_______________________________