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A shopkeeper incurs 10% loss by selling a washing machine for Rs. 16200. At what price should the washing machine be sold to earn 15% profit?
- ARs. 18700
- BRs. 19700
- CRs. 20700
- DRs. 20250
Answer not set
Discussion 1
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CCommunity
Let cost price of washing machine is x.
Cost price of washing machine when shopkeeper incurs 10% loss.
⇒ Cost price = [Selling price/(1 - loss)] × 100
⇒ Cost price = [16200/(1 - 10)] × 100 = 18000
Selling price of washing machine when shopkeeper earn 15% profit.
⇒ Selling price = Cost price × (1 + profit %)
⇒ Selling price = 18000 × (1 + 15/100)
⇒ Selling price = 18000 × 1.15 = Rs. 20700
Cost price of washing machine when shopkeeper incurs 10% loss.
⇒ Cost price = [Selling price/(1 - loss)] × 100
⇒ Cost price = [16200/(1 - 10)] × 100 = 18000
Selling price of washing machine when shopkeeper earn 15% profit.
⇒ Selling price = Cost price × (1 + profit %)
⇒ Selling price = 18000 × (1 + 15/100)
⇒ Selling price = 18000 × 1.15 = Rs. 20700