Question
A shopkeeper sold a jacket for Rs. 2400 at a loss of 40%. At what price should he have sold the jacket, to earn a profit of 30%?
Solution
Let CP = Rs. x => SP = (100-40)% × x => 2400 = (60/100) × x => x = 4000 CP = Rs. 4000 Profit = 4000 × (30/100) = Rs.1200 SP = CP + Profit SP = 4000 + 1200 = Rs.5200
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