Profit and Loss Practice Test 2

Question : 22 of 40

Marks: +1, -0

By selling a suitcase for Rs 570, a trader loses 5%. At what price must he sell it to gain 5%?

Solution:

SP of the suit case = Rs 570
Loss per cent = 5%
Let CP = x
According to the statement,

x-{5x}/100=570

{95x}/100=570

x={570×100}/95=\Rs 600

Cost price = Rs 600
Gain% = 5%
Sale price

=600+{5×600}/100=630

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