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

1 Answer

3 votes

Answer:

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

Explanation:

The given values are:

Selling price,

= 450

Loss,

= 10%

Profit,

= 10%

As we know,


CP=(100)/(100-Loss \ percent)* SP

On substituting the values, we get


=(100)/(100-10)* 450


=(100)/(90)* 450


=500


Profit=500* (10)/(100)


=50

Now,

Selling price on 10% profit will be:


SP=CP+profit

On substituting the values, we get


=500+50


=Rs. \ 550

User Greg Parker
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