Question

a shopkeeper sold an article for 450 at a loss 10% at what price should he sell it as to gain 10%?​

Answer 1

Answer:

The correct answer is "550". A further explanation is given below.

Step-by-step explanation:

The given values are:

Selling price,

= 450

Loss,

= 10%

Profit,

= 10%

As we know,

⇒  $CP=\frac{100}{100-Loss \ percent}\times SP$

On substituting the values, we get

⇒         $=\frac{100}{100-10}\times 450$

⇒         $=\frac{100}{90}\times 450$

⇒         $=500$

⇒  $Profit=500\times \frac{10}{100}$

⇒              $=50$

Now,

Selling price on 10% profit will be:

⇒  $SP=CP+profit$

On substituting the values, we get

⇒        $=500+50$

⇒        $=Rs. \ 550$