Question 32

If a saree is sold for Rs 1900 the seller will face 5% loss, at what price (in Rs) should he sell the saree to gain 15% profit?

Solution

Selling price of saree = Rs. 1900

Loss % = 5%

=> Cost price = $$1900\times \frac{100}{(100-5)}$$

= $$20\times100=Rs.$$ $$2000$$

Now, profit % = 15%

=> Selling price = $$2000\times\frac{115}{100}$$

= $$20\times115=Rs.$$ $$2300$$

=> Ans - (D)

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