Answer:
SP = [100/100-loss%]CP
880=[100/100-20]CP
704=CP
now profit% is given, hence
p%= (sp-cp) *100/cp
10=(sp-704)*100/704
704=10sp-7040
7744=10sp
774.4=sp
therefore the cycle should be sold at Rs. 774.4 to gain 10% profit.
shortcut
when the cost price is found that is 704 just directly take out the 10% of it and add it to the cost price which is,
704*10/100=70.4
hence
704+70.4= 774.4
990 is the right answer here
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Answers & Comments
Answer:
SP = [100/100-loss%]CP
880=[100/100-20]CP
704=CP
now profit% is given, hence
p%= (sp-cp) *100/cp
10=(sp-704)*100/704
704=10sp-7040
7744=10sp
774.4=sp
therefore the cycle should be sold at Rs. 774.4 to gain 10% profit.
shortcut
when the cost price is found that is 704 just directly take out the 10% of it and add it to the cost price which is,
704*10/100=70.4
hence
704+70.4= 774.4
Answer:
990 is the right answer here