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Question 40
A shopkeeper sold an article for Rs.1,380 at a loss of 8%. At what price should it be sold to gaina profit of 8% ?
Solution
Let cost price of the article = Rs. $$100x$$
Loss % = 8%
=> Selling price = $$\frac{92}{100} \times 100x = 1380$$
=> $$x = \frac{1380}{92} = 15$$
=> C.P. = $$100 \times 15$$ = Rs. $$1,500$$
Profit % = 8%
$$\therefore$$ Selling price = $$\frac{108}{100} \times 1500$$
= $$108 \times 15$$ = Rs. $$1,620$$
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