Knowee
Questions
Features
Study Tools

Select the correct answerA shopkeeper sells an item at Rs 36 and incurs a loss of 10%. At what price should the shopkeeper sell it to gain 30% ?Options3452None of these56

Question

Select the correct answerA shopkeeper sells an item at Rs 36 and incurs a loss of 10%. At what price should the shopkeeper sell it to gain 30% ?Options3452None of these56

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we first need to find the cost price of the item for the shopkeeper.

Given that the shopkeeper incurs a loss of 10%, it means that Rs 36 represents 90% of the cost price.

So, we can set up the equation: 90/100 * Cost Price = Rs 36

Solving for Cost Price gives us: Cost Price = Rs 36 / (90/100) = Rs 40

Now, the shopkeeper wants to gain 30%. This means the selling price should be 130% of the cost price.

So, the new selling price should be: 130/100 * Cost Price = New Selling Price 130/100 * Rs 40 = Rs 52

So, the shopkeeper should sell the item at Rs 52 to gain a profit of 30%.

Therefore, the correct answer is 52.

This problem has been solved

Similar Questions

Select the correct answerIf a saree is sold for Rs 1900 the seller will face 5% loss, at what price (in Rs) should he sell the saree to gain 15% profit?Options2200250023002400

Select the 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?Options18162220

Select the correct answerA shopkeeper fixes the marked price of an item 25% above its cost price. Find the percentage of discount allowed to gain 10%?Options34%19%12%None of these

Select the correct answerBy selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20% in the transaction?Options191518None of these

A shopkeeper gives 25% discount on an article and makes a profit of 10%. If the cost price of the article is Rs 300 then, what is the marked price?360480404440None

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.