Question

A person sold a house for Tzs 475 and incurred a loss of 5%.at what price would it been sold so as to earn a profit of 8%

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Answer 1

Tzs 540

Step-by-step explanation:

The selling of Tzs 475 results in a 5% loss.

It means Tzs 475 represents 95% of the cost price.

The cost price is equal to 100%.

If 95% = Tzs 475, 100 % = ?

=Tzs475/95 x 100

=Tzs 5 x 100

The cost price =Tzs500

To make 8% profits, the selling price will have to be

=Tzs 500 +( 8/100 x 500)

=Tzs 500 +( 0.08 x 500)

=Tzs =500 + 40

=Tzs 540