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Commission and Brokerage

Given:- SP=...

Question

Given:- $S P = 2142$
Gain $= 5 %$
Find- At what price it should have been sold to gain $10 %$

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Solution

SP $= 2142$
Gain $= 5 %$
SP=CP $(\frac{100 + 5}{100})$
$2142 =$ CP $(\frac{105}{100})$
CP $= 2040$
Gain $= 10 %$
SP $= 2040 \times$ $(\frac{100 + 10}{100})$
$= 204 \times 11 = 2244$

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