Question

there is a loss of 20% by selling a photocopy machine for rs 60000 at what price will the machine be sold to gain 12% find it

Answer 1

Explanation:

Loss is 20%

S.P=Rs60000

C.P=S.P*100/100-loss%

=60000*100/80=Rs75000

So he brought is at Rs75000

Now he wants 12% profit

So

S.P=(100+profit%)/100*C.P

=100+12/100*75000

=112/100*75000=Rs 84000

He will have to sell Rs14000 more to gain profit of 12%