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nikdorinn [45]
3 years ago
5

b) A fruit seller bought some mangoes for Rs 500. He sold them at 10% loss. If he wants to make a profit of 12.5% without increa

sing the selling price, by how much should the cost price of the mangoes be reduced?​
Mathematics
1 answer:
avanturin [10]3 years ago
4 0

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

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