Question

By selling a camera for Rs 60,000 there is a loss 20%. At what price should it be sold to get 12% profit? Find it.​

Answer 1

• Rs 84000

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Let the cost price of the camera be x.

When the selling price is 60000 there is a loss of 20%. Let's show this as equation and find the cost price:

• x - 20% of x = 60000
• x - 0.2x = 60000
• 0.8x = 60000
• x = 60000/0.8
• x = 75000

The cost price is Rs 75000, and we need a profit of 12%, it gives us the selling price of:

• 75000 + 12% =
• 75000 + 0.12*75000 =
• 75000 + 9000 =
• 84000