Question

The cost of an article, which is sold for RS4,050 at a loss of 10℅,also the new selling price of the article which must give a profit of 8℅.

Answer 1

Selling Price= 4050

Let the cost price be 'x'

The cost of an article, which is sold for RS4,050 at a loss of 10℅

x - 10%of x = 4050

x - 10/100×x = 4050

x - 0.1x = 4050

0.9x = 4050

x = 4050/0.9 = 4500 is the cost price

Required profit= 8%


New selling Price = cost price + profit

profit = cost price × Profit Percentage

= 4500×8%

= 360


New selling Price=

=4500 + 360 = 4860