Question 55

I sold an article for ₹8800 thus gained 10%. For what amount should sell it to get 15% profit?

Solution

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SP=8800
Profit percent=10%
Therefore 1.1*CP=8800
CP=8800*100/11
CP=8000
We have profit percent=15
SP=1.15CP
SP=1.15*8000
SP=Rs 9200

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