Question

, Sunita sold her old toys for475 and
incurred a loss of 5%. At what price should
she sell them to make a profit of 8%?​

Answer 1

Let x be the cost price

Loss% = 5%

SP = 475

SP = CP - Loss

475 = x - 0.05x

475 = 0.95x

$\frac{475}{0.95}=x$

$500=x$

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%.