Sunita sold her old toys for 475₹ and incurred a loss of 5%. At what price should she sell them to make a profit of 8%.
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She should sell at Rs.549 to make a profit of 8%.
Step-by-step explanation:
Let x be the cost price
Loss% = 5%
SP = 475
SP = CP-Loss
475=x-0.05x
475 = 0.95x
500=x
We are supposed to find At what price should she sell them to make a profit of 8%.
So, CP = 500
Profit% = 8%
SP = CP+Profit
SP=500+0.08(500)
SP=540
Hence She should sell at Rs.549 to make a profit of 8%.
#Learn more:
A person incurs a loss of 5% by selling a watch for Rs. 1140 .At what price should the watch be sold to earn 5% profit
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