Question 71

Anand wanted to sell a watch at a 10% profit but he actually sold at a 10% loss for ₹360. At what price did he want to sell it to earn the profit?

Solution

He actually sold at a 10% loss for ₹360.

actual selling price = (100-10)% = 360

90% = 360

1% = 4

Cost price = 100% = 400

Anand wanted to sell a watch at a 10% profit.

Required selling price for profit = 400 of (100+10)%

= 400 of 110%

= $$\frac{400\times110}{100}$$

= ₹440

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