Question

The difference between a 13% loss and 11% profit while selling a toy was ₹ 108. What should be the selling price of the toy if the profit earned was 12%?

Answer 1

Answer:

Selling Price = Rs. 6048

Step-by-step explanation:

Hi,

Let the cost price of the toy be 'x'

Given the difference between 13% loss and 11% profit as Rs. 108.

= 13x/100 - 11x/100 = 108

=> 2x/100 = 108

=> x/50 = 108

=> x = 5400

Hence, cost price of toy is Rs. 5400.

Given the profit earned was 12%

Profit % = (Selling Price - Cost Price)/Cost Price * 100

=> (Selling Price - Cost Price)/Cost Price * 100 = 12

=> Selling Price /5400 - 1  = 12/100

=> Selling Price /5400 = 1 + 12/100 = 112/100

So, Selling Price = 112/100 * 5400

= 112* 54

= 6048

Hence, Selling Price of the toys should be Rs 6048.

Hope, it helps !