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Raj sold an item for Rs. 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%?

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Raj sold an item for Rs. 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%?
1). Rs. 14656
2). Rs. 11856
3). Rs. 13544
4). Cannot be determined


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2 answers

3 vote
Answered by on | Votes 3 |
Solution

Let the CP of the article be x.

Loss % = (CP-SP)/CP = (x-6384)/x = 0.3

1 - 6384/x = 0.3

x = 9120

Profit % = (SP-CP)/CP

0.3 = (SP-9120)/9120

SP = 9120*1.3 = Rs 11,856

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0 vote
Answered by on | Votes 0 |
Solution

Let the CP of the article be x.

Loss % = (CP-SP)/CP = (x-6384)/x = 0.3

1 - 6384/x = 0.3

x = 9120

Profit % = (SP-CP)/CP

0.3 = (SP-9120)/9120

SP = 9120*1.3 = Rs 11,856




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