A person sold a stove for Rs 470 and incurred a loss of 6%. The price would it be sold so as to earn a profit of 8%?
Answer: 540
Explanation
S.P. = 470 & Loss %= 6%
C.P. = 100 * S.P. / (100 - Loss) = 100*470/100–6
= 100*470/94
C.P. = 464
Now C.P. = 464. & Profit% = 8%
S.P. = C.P. * (100+8) /100 = 464*108/100
S.P. = 500
****
ND20-1-2023
100×470÷94 this would be 500 not 464 correct option would be 540
500 original value after recovering of 6% loss Now get 8% profit it's value become 540. Because 8% of 500 is 40. The price would be 540 and profit is 8%.
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