Question
By selling salt at ₹558 per quintal, a trader lost 7%.
At what price per quintal should he have to sold it to gain 7%?Solution
ATQ, Trader sold salt at ₹558 and had a 7% loss. That means Cost Price = ₹600 (since 93% of CP = ₹558). To make a 7% profit, he should sell at 107% of CP = 600 × (107/100) = ₹642 ₹642 per quintal to gain 7%.
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