correct answerIf a vendor sells a coconut at Rs.14.4 he makes 10% loss. If he wants to make 25% profit,then at what price (in Rs) should he sell?
Question
correct answerIf a vendor sells a coconut at Rs.14.4 he makes 10% loss. If he wants to make 25% profit,then at what price (in Rs) should he sell?
Solution
Sure, let's solve this step by step.
Step 1: First, we need to find the cost price of the coconut. If the vendor sells the coconut at Rs.14.4 and incurs a 10% loss, it means that 90% of the cost price is Rs.14.4. So, we can set up the equation:
0.9 * Cost Price = Rs.14.4
Step 2: Solve the equation for Cost Price:
Cost Price = Rs.14.4 / 0.9 = Rs.16
Step 3: Now, if the vendor wants to make a 25% profit, he should sell the coconut at 125% of the cost price. So, we can set up the equation:
Selling Price = 1.25 * Cost Price
Step 4: Substitute the Cost Price into the equation:
Selling Price = 1.25 * Rs.16 = Rs.20
So, if the vendor wants to make a 25% profit, he should sell the coconut at Rs.20.
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