Question

the profit earned by selling an article for rs 1674.95 is 35% of profit what was earned when the same article was sold for rs 3168. what should be the selling price of the article, if it is sold at 30% profit?

Answer 1

Answer:

SP = 873.613

Explanation :

Let CP = x

SP  = 1674.95

Profit₁ = 35% of profit₂

SP = 3168

Profit₁ = 1674.95 – x

= 0.35(3168 – x)

167495 – 100x = 110880 – 35x

56615 = 65x

X = 871

Profit % = (SP – CP)*100/CP

SP = 873.613

The cost price of the article will be 871 and when the profit will be 30% then the selling price will be 873.613

Answer 2

Answer:

Sp = 3168  

loss= 12%

cp × loss= sp  

cp(1-12/100)=3168

cp×88/100=3168

cp=28800/8

cp=72×50

cp=3600

now sp=3870

profit=3870-3600

=270

p%=270/3600 ×100

p%=30/4

p%=15/2

p%=7.5%