If John sells his bicycle for Rs. 637, he will suffer a loss of 9%. For how much should it be sold, if he desires a profit of 5%? - Mathematics

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Sum

If John sells his bicycle for Rs. 637, he will suffer a loss of 9%. For how much should it be sold, if he desires a profit of 5%?

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Solution

S.P. = Rs. 637, Loss = 9%

∴ C.P. =`(100xx"S.P.")/(100-9)`

`=100/91xx637`

= 100 × 7

= Rs. 700

Profit = 5%

S.P. =`((100+"Profit"))/100xx"C.P."`

S.P. = `((100+5))/100xx700`

= 105 × 7

= 735

  Is there an error in this question or solution?

APPEARS IN

Selina Concise Mathematics Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (B) | Q 6 | Page 93
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