Question

By selling a TV for Rs 6900, a shopkeeper loses 8%. Find his cost price. What must be the price so as to make a profit of 12%?​

Answer 1

Answer:

• The selling price must be ₹8400 to make a profit of 12%

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Given

• Selling price of a TV is ₹6900,
• With this price the loss is 8%.

To find

• SP to make a profit of 12%

Solution

Find the cost, x:

• x - 8% of x = 6900
• x - 0.08x = 6900
• 0.92x = 6900
• x = 6900/0.92
• x = 7500

Find the price to get 12% profit:

• 7500 + 12% =
• 7500*1.12 =
• 8400