sp=1500 loss=10% if they wanted 5% of gain how should be the sp
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Let Cost Price = 100 units
Loss = 10 %
so
SP = 100 - 10% of 100 = 100 - 10 = 90 units
So according to our assumption SP is 90 units
But actual SP is 1500.
so they both are equal
90 units = 1500
1 unit = 1500/90
100 unit i.e CP = (1500/90 )*100 = 5000/3
so we need to sell it at a profit of 5 %
so
SP At 5% profit = (5000/3)* 105/100 = 1750
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