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lesya [120]
3 years ago
9

A dealer gains 16% by selling a mop for rs.78300.but due to competition in the market, he decides to make a profit of only 10%.

what is it's new selling price?​
Mathematics
1 answer:
vesna_86 [32]3 years ago
3 0

Answer:

The correct answer is -  72,349.2

Step-by-step explanation:

Given:

selling price = 7234.92

Initial profit = 16%

we know:

selling price = cost price + profit

Solution:

78300 = cp + 16*cp/100

profit = 78300*16/100 = 12528

cost price = 78300 - 12528 = 65772

then the profit on 10%

= 65772*10/100

= 6577.2

the new selling price = 65772+6577.2

= 72,349.2

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Doss [256]

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