Answer:
New CP = Rs 387.5
Step-by-step explanation:
Cost Price = Rs. 500
Loss %age = 10% of 500
So, Loss = Rs 50
<u><em>Finding the selling price:</em></u>
Selling Price = CP - Loss
SP = 500 - 50
SP = Rs 450
Now, The fruit seller wants to gain a profit of 12.5% without changing the selling Price:
<u><em>Firstly, Let's talk about the Profit :</em></u>
Profit %age = 12.5% of 500
Profit = 12.5 * 5
Profit = Rs 62.5
He wants to gain a profit of Rs 62.5
<u><em>So, The cost Price</em></u>
The cost price would be reduced by Rs 62.5
New CP = 450 - 62.5
New CP = Rs 387.5