Dawson sold an item for Rs.3600/- and incurred a loss of 10%.
Dawson sold an item for Rs.3600/- and incurred a loss of 10%. At what price should he have sold the item to have gained a profit of 10%?
Answer/Solution
4400
Steps/Work
Explanation:
10% loss means SP = 90% of CP
:. CP = Rs.3600x100/90 = Rs.4000.
The SP for a gain of 10% = 4000+10% of 4000 = 4000+400 =Rs4400.
Answer: Option E
10% loss means SP = 90% of CP
:. CP = Rs.3600x100/90 = Rs.4000.
The SP for a gain of 10% = 4000+10% of 4000 = 4000+400 =Rs4400.
Answer: Option E