On selling a bag for Rs 704, a shopkeeper suffers a loss of 12%.At what price should he sell it to gain 7.5%?

Answers (1)

S.P.=Rs 704,loss=12%,C.P.=?
Rs704=[1-frac12100]of, C.P.
Rightarrow Rs704=[frac88100]of, C.P.
Rightarrow C.P.=Rs,[frac704	imes10088]=Rs800
Now C.P.=Rs800,gain=7.5%,New S.P.=?
New, S.P.=[1+frac7.5100]of,Rs, 800
Rightarrow [1+frac15100]of,Rs, 800
Rightarrow [frac215100]of,Rs, 800=Rs, 860

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