Shree decides to sell her pen for Rs.120. She had to sell it at a loss of 15% due to an emergency. What should be the selling price, if she would have made a profit of 2%.
Answers
Answer:
the selling price should've been what the selling price would've been if she had a profit of 2%
Step-by-step explanation:
selling price = selling price
profit of 2% = profit of 2%
Given:
Loss is 15% when the Selling price of the pen is 120.
To Find:
Selling price when profit is 2%.
Solution:
Let the cost price be x.
As we know that,
Loss % = ( C.P. - S.P. ) × 100 / C.P.
15 = ( x - 120 ) × 100 / x
15 /100 =( x -120 ) / x
15/100 = 1- 120/x
120/x= 1- 15/100
120/x = 85/100
12000/85 = x
x = 141.18
So, the cost price is 141.18
Now we have to get 2% profit therefore S.P > C.P.
Profit % = (S.P. - C.P.) × 100/ C.P
2 = ( S.P. - 141.18 ) × 100/ 141.18.
( 2× 141.18 )/ 100 = S.P. - 141.18
2.8236 = S.P. - 141.18
S.P. = 141.18 + 2.8236
S.P = 144
Hence the selling price is 144 rupees.