By selling an article for 285₹ a man loses 5 %. For how much should he sell to gain 5 % ?
Given :
The selling price of an article = Rs. 285
Loss incurred = 5%
To find :
We have to find for how much should he sell to gain 5 %.
Solution :
Let the Cost price of the article be CP.
$Loss percentage = \frac{CP-SP}{CP} \times 100$
$5 CP = (CP-285)\times 100$
$5CP = 100CP-28500$
$(100-5) CP = 28500$
$CP = \frac{28500}{95}$
$CP = 300$
Cost price of the article is Rs. 300.
Let the selling price of the article be Rs. x to get a profit of 5%.
Therefore,
$x = 300 + \frac{5}{100} \times 300$
$x = 300 + 5\times3$
$x = 300+15$
$x = 315$
He should sell the article at Rs. 315 to gain 5%.
Related Articles
- On selling a Mobile for rs750 a shopkeeper looses 10% for what amount should he sell it to gain 5%.
- If by selling a table for 540/-, a carpenter loses 4%, for what amount should he sell it, so as to gain 12%?>/p>
- On selling a mobile for RS 750 shopkeeper losses 10%. For what amount should he sells it to gain 5%.
- By selling an article for rupees 144 , a man loses 1/7 of his outlay. If it is sold for rupees 189 , what would be the gain or loss percent
- Bashir bought an article for Rs 1215 and spent Rs 35 on its transportation. At what price should he sell the article to have a gain of 16%?
- Cost price of an article is 1050₹. What would be the selling price of an article, if the gain is 5% ?
- On selling a fan for Rs 810, Sunil gains 8%. For how much did he purchase it.
- If john works for 5 days, he will get rupees 350. How much will he get, if he work for 20 days?
- By selling oranges at the rate of Rs. $6 \frac{3}{4}$ per orange, a man gets Rs.378. How many oranges does he sell?
- A man buys 5 dozen eggs at rupees 36 per dozen. Out of which 5% got broken. He sold the remaining eggs for rupees 48 per dozen. What was his total gain?
- A man buys land for Rs 3,00,000. He sells 1/3rd of it at a loss of 20% and 2/5th of the plot at a gain of 25%. At what price should he sell the remaining land so as to make an overall profit of 10%?
- If the selling price of 10 article is equal to cost price of 11 article, find the gain percent
- A man buys a land for Rs. 300000. He sells one - fourth at a loss of 20% and two - fifth at a gain of 25%. At what price must he sell the remaining land so as to make an overall profit of 10%?
- On selling a T.V. at 5% gain and a fridge at 10% gain, a shopkeeper gains Rs. 2000. But if he sells the T.V. at 10% gain and the fridge at 5% loss he gains Rs. 1500 on the transaction. Find the actual prices of T.V. and fridge.
- An article was sold for Rs. 250 with a profit of \( 5 \% \). What was its cost price?
Kickstart Your Career
Get certified by completing the course
Get Started