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3 years ago

A retailer sold a mobile set for Rs 8,330 and made a loss of 2%. For what price should he sell it to gain 7%?

Mathematics

1 answer:

Vanyuwa [196]3 years ago

6 0

Answer:

New Price = Rs. 9095

Step-by-step explanation:

Selling Price = Rs 8,330

Loss = 2%

Costing Price:

Let CP be x

Then,

x = 8,330+0.02 x

=> x-0.02x = 8330

=> 0.98x = 8330

=> x = Rs. 8,500

So, Costing Price is Rs 8,500

Now, Profit for 7% profit %age:

Profit = 0.07 * 8500

Profit = Rs 595

New Price:

New Price = CP + Profit

New Price = 8500+595

New Price = Rs. 9095

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A retailer sold a mobile set for Rs 8,330 and made a loss of 2%. For what price should he sell it to gain 7%?​

A retailer sold a mobile set for Rs 8,330 and made a loss of 2%. For what price should he sell it to gain 7%?