Question
A person, "A," sells an item for
Rs. 380.8 and incurs a 15% loss. At what price should "A" sell the item to achieve a 5% profit?Solution
Let the CP of the item be Rs. 'a' ATQ, 0.85a = 380.8 Or, a = 380.8/0.85 = 448 Therefore, required SP = 1.05 × 448 = Rs. 470.4
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