Question 62

A shopkeeper, sold almonds at the rate Rs 1250 per kg and bears a loss of 7%. Now if he decides to sell it at Rs 1375 per kg, what will be the result?

Solution

Let Cost price = Rs. $$x$$

Selling price = Rs. 1250

=> Loss % = $$\frac{x - 1250}{x} \times 100 = 7$$

=> $$\frac{x - 1250}{x} = \frac{7}{100}$$

=> $$100x - 125000 = 7x$$

=> $$x = \frac{125000}{93} \approx 1344$$

If selling price = Rs. 1375

=> Profit % = $$\frac{1375 - 1344}{1344} \times 100 \approx 2.3\% $$

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