ICSE-VIII-Mathematics
08: Profit, Loss and Discount Class 8 Maths
- #6If John sells his bicycle for Rs. 637, he will suffer a loss of 9%. For how much should it be sold, if he desires a profit of 5 %?Ans : S.P. = Rs. 637, Loss = 9%
∴ C.P. = (100 × S.P.)/(100 - 9)
= 100/91 × 637
= 100 × 7
= Rs. 700
Profit = 5%
S.P. = (100 + Profit)/100 × C.P.
S.P. = (100 + 5)/100 × 700
= 105 × 7
= 735