Question

Juhi sold a washing machine for 13500 at the loss of 20%. Find the cost price of the washing machine. At what price she must sell to gain 20%

Answer 1

Given, Selling price = Rs 13,500

Loss%=20%

Let the cost price be x.

∴Loss=20%of x

Selling price = Cost price - Loss

⇒13500=x−20100×x

⇒13500=x−15x

⇒13500=45x

⇒x=16875

Therefore, she bought it for Rs 16875.
So, cost price of the article = Rs 16875

20% of the cost price
=20100×16875=Rs3375

Net amount = 16875 + 3375 = Rs 20250
So, in order to sell the washing machine at 20% profit, she needs to sell it at Rs 20250.