Question

Sudhir sold an item for 35,000 and suffered loss of 30%. Find the cost price of the item. Also,
find the price at which Sudhir must have sold the item to get a profit of 20%.
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Answer 1

Step-by-step explanation:

sp = 35000

loss%=30%

SP= (100-loss%) * cp /100

35000=(100-30) * cp /100

35000*100 = 70 cp

cp = 3500000 /70

cp =50000

now

cp= 50000

profit=20%

SP= (100+profit%) * cp /100

=(100+20) *50000 /100

=120*50000 /100

=60000

Answer 2

Step-by-step explanation:

selling price= 35000

loss%=30%

loss = 30 / 100× 35000 = 10500

cost price= 35000-10500=25500

profit 20 % =20÷100×35000 = 7000

selling price= 35000+7000=42000