Question

selling a tie for for rs252 a shopkeper gains 5% at what price should he sell the tie to gain 35%

Answer 1

Answer:

$Rs. 324$

Step-by-step explanation:

$S.P.=252\\C.P.=?$

$C.P.+\ 5\%\ of}C.P.=252$

$105\%\ {of}C.P.=252\\C.P.=252\cdot\frac{100}{105}\\C.P.=240$

Now using the C.P,, we can find the S.P. of the product at 35% extra

$S.P.=C.P.+35\%\ {of}C.P.\\S.P.=240+35\%\ {of}240\\S.P.=240+84\\S.P.=324$

Hence, the tie should be sold at Rs. 324 in order to gain a 35% profit.

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