Question
Ragini sold an article for ₹4,500 and incurred a loss.
Had she sold the article for₹5,850 her gain would have been equal to half of the amount of loss that she incurred. At what price she should sell the article to have 10% profit?Solution
ATQ, Let Cost Price (CP) = ₹x Loss when selling at ₹4,500 = x−4500 Profit when selling at ₹5,850 = 5850−x Given: Profit = Half of Loss Solving for x X = 5400 So, Cost Price = ₹5,400 To get 10% profit: SP = 5400+10% of 5400 SP = 5400+540 = 5940 Hence, she should sell the article for ₹5,940 to get 10% profit.
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