Question

Certain cosmetics were sold at INR 1700 thereby a loss of 15% If a profit of 10% want to be earned , what should have been the selling price.

Answer 1

Actual Selling price $=x=Rs.1700$, Cost price $y=?$ $Loss=l=15$%

$(100-15)$% of Cost price $=Rs.1700$

$y=1700\times \frac{100}{85}=Rs.2000$

So, Cost price $=Rs.2000$

To earn $10$% of profit,

Selling price $=2000+2000\times \frac{10}{100}$

Selling price $=Rs.2200$

Hence,

To earn $10$% of profit, $Rs.2200$ should have been the selling price.