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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?Options2500240022002300

Question

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?Options2500240022002300

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Solution

To solve this problem, we first need to find the cost price of the saree.

Given that the seller faces a 5% loss when selling the saree for Rs 1900, we can set up the following equation:

Cost Price (CP) = Selling Price (SP) / (1 - Loss%)

CP = 1900 / (1 - 0.05) = 2000 Rs

Now, to find the selling price for a 15% profit, we use the formula:

Selling Price (SP) = Cost Price (CP) * (1 + Profit%)

SP = 2000 * (1 + 0.15) = 2300 Rs

So, the seller should sell the saree for Rs 2300 to gain a 15% profit. Therefore, the correct answer is 2300.

This problem has been solved

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