Question

Sam sold an item for Rs. 21,000 and suffered loss of 30%. Find the cost price of the item. Also find the
price at which Sam must have sold the item to get a profit of 15%.​

Answer 1

Answer:

Step-by-step explanation:

SP of item=Rs.21000

Loss=30%

CP=100*SP/100-loss%

=100*21000/70

=Rs30000

So, CP is Rs30000

Wanted gain=15%

Required SP=(100+gain%)*CP/100

=115*30000/100

=Rs34500.

Answer 2

Step-by-step explanation:

The loss is 30%

So,100-30=70

21,000*70/100=14,700 loss

The profit=15%

21,000/15*100=1,40,000 frofit