Shyam sells a fan at Rs.900 and ends up making a loss of 25%. He wants to change the price so that he makes a profit of 25%. What should be the new price?
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Answer:
Rs. 1406.25
Step-by-step explanation:
sell price of the fan = 900
his loss = 25%
cost price of the fan =( X 900) + 900
= (25 X 9) + 900
= 225 + 900
= 1125 rs.
% of profit he wants = 25%
the new price = ( X 1125) + 1125
= ( X 1125) + 1125
= + 1125
= +
=
= 1406
= 1406.25
HENCE, THE NEW PRICE IS Rs.1406.25
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