Question
Download Solution PDFAmar sells his TV at a rate of Rs. 1540 and bears a loss of 30%. At what rate should he sell his TV so that he gains a profit of 30%?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGIVEN:
SP = Rs. 1540 when loss = 30%
CONCEPT:
Basic profit and loss concept.
FORMULA USED:
SP = CP × (1 - Loss %/100)
SP = CP × (1 + Profit %/100)
CALCULATION:
Cost price of TV = 1540/(1 - 30/100)
= 1540/0.7 = Rs. 2200
Hence,
Selling price when profit is 30% = 2200 × (1 + 30/100) = Rs. 2860Last updated on Jun 11, 2025
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