there is a loss of 20% by selling a photocopy machine for rs 60000 at what price will the machine be sold to gain 12% find it
1 answer:
Answer:
Step-by-step explanation:
Loss is 20%
S.P=Rs60000
C.P=S.P*100/100-loss%
=60000*100/80=Rs75000
So he brought is at Rs75000
Now he wants 12% profit
So
S.P=(100+profit%)/100*C.P
=100+12/100*75000
=112/100*75000=Rs 84000
He will have to sell Rs14000 more to gain profit of 12%
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