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Profit, Loss and Discount

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QuestionClick to flip

By selling an article for Rs. 456.30, a man loses 22%. At what rate price should he sell it in order to gain 30%?

AnswerClick to flip back

Rs. 760.50

💡 Explanation:

SP = 456.30 and Loss = 22%

CP = (SP * 100)/(100 - Loss%)

= (456.30 * 100)/(100 - 22)

= 585

So, CP of the article is Rs. 585.

Now, the profit is 30%.

Then, SP = CP(100 + Profit%)/100.

= 585(100 + 30)/100

= 760.50

So, the SP at 30% profit is 760.50.