Question

When a shirt is sold for Rs 1576, a retailer had a loss of 4%. What should be the selling price of the shirt if a gain of 12% is required?

Answer 1

Best idea to get instant answer is put the cost of product of to be Rs 100/-

Market price = 130 % of 100 = 130

selling price = 130-15% of 130 = 110.5

Net profit = 110.5 - 100 = 10.5 Rs on Rs 100

Net percentage gain = 10.5 %