Advertisements
Advertisements
Question
On selling a chair for Rs 736, a shopkeeper suffers a loss of 8%. At what price should he sell it so as to gain 8%?
Advertisements
Solution
Given that, selling price of chair = Rs. 736, which led to loss of 8%.
We know,
Loss = `("Loss"%)/100 xx "Cost price"`
Also, Loss = Cost price – Selling price
⇒ `8/100 xx "cost price"` = cost price – 736
⇒ `(92 xx "cost price")/100 = 736 `
⇒ Cost price = Rs. 800
Now, Gain = `("Gain"%)/100 xx "Cost price"`
⇒ Gain = `8/100 xx "Cost price"`
And Gain = Selling price – Cost price
⇒ Selling price so as to gain 8% = Gain + Cost price
= `8/100 xx 800 + 800`
= 800 + 64
= Rs. 864
APPEARS IN
RELATED QUESTIONS
A retailer buys a cooler for Rs 1200 and overhead expenses on it are Rs 40. If he sells the cooler for Rs 1550, determine his profit percent.
The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was.
| Cost Price (in Rs.) |
Selling Price (in Rs) |
Profit or Loss | How much? |
| 1000 | 920 |
Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000, did he make a profit or a loss? How much?
A mobile phone is sold for ₹ 8400 at a gain of 20%. The cost price of the mobile phone is ________
A man buys an article for ₹ 150 and makes overhead expenses which are 12% of the cost price. At what price must he sell it to gain 5%?
A store purchased pens at ₹ 216 per dozen. He paid ₹ 58 for conveyance and sold the pens at the discount of ₹ 2 per pen and made a overall profit of ₹ 50. Find the M.P. of each pen.
The cost price of 10 tables is equal to the sale price of 5 tables. The profit per cent in this transaction is ______.
Ashima sold two coolers for Rs 3,990 each. On selling one cooler she gained 5% and on selling the other she suffered a loss of 5%. Find her overall gain or loss % in whole transaction.
Sanjay is looking for one-bedroom apartment on rent. At Neelgiri apartments, rent for the first two months is 20% off. The one-bedroom rate at Neelgiri is Rs 6,000 per month. At Savana apartments, the first month is 50% off. The one-bedroom rate at Savana apartments is Rs 7000 per month. Which apartment will be cheaper for the first two months? By how much?
A farmer bought a buffalo for ₹ 44000 and a cow for ₹ 18000. He sold the buffalo at a loss of 5% but made a profit of 10% on the cow. The net result of the transaction is ______.
