Word Problem 20 (Profit on sale)
Problem 20: By selling a watch for Rs 50 a man lost 10%. In order to gain 26% he must sell it for;
a. Rs 63.30 a. Rs 70 a. Rs 76 a. Rs 80
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Solution:
Here Selling Price(with loss)
Sp= Rs 50
Loss=10%
Profit = 26%
Selling Price (with profit)=?
We suppose the cost price ;
As he gets 10% loss for his first selling;
But selling price with loss is Rs 50
Now his selling price with profit of 26%
Put value of ‘y’ from above;
So he must sale his watch for RS 70 to earn 26% profit
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