There is a profit of 15%on selling a cycle for Rs402.50.At what price it should be sold to get 8%profit.
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⭐ Question ⭐
✏There is a profit of 15%on selling a cycle for Rs402.50.At what price it should be sold to get 8%profit.
⭐ Given ⭐
✏ Selling Price (S.P) = Rs 402.5
✏ Profit% (P%) = 15%
⭐ To Find ⭐
✏ New S.P when the profit is given 8% = ?
➡ ATQ:-
✏ Let the Cost Price (C.P) be x
✍ As we know that the formula:-
✳ SP = CP + P% of CP✳
Then,
=> 402.5 = x + 15% × x
=> 402.5 = x + 15/100x
=> 402.5 = 1.15x
=> x = 402.5/1.15
=> x = Rs 350
➡ For the New SP:-
✍ As we know the formula:-
✳ New SP = CP + New P% of CP✳
Then,
=> New SP = 350 + 8/100 × 350
=> New SP = 350 + 28
=> New SP = Rs 378
⭐ New SP is Rs 378✔
Step-by-step explanation:
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