Junko sold an item for ₹ 220 at a loss of 12%. By how much should she have raised the
price to make a profit of 10%?
Given sp=220 and loss=12%
$$CP =\frac{ ( SP \times 100 ) }{ ( 100 -percentage loss)}$$
$$CP =\frac{ ( 220 \times 100 ) }{ ( 100 -12)}$$
$$CP =\frac{ ( 22000 ) }{ ( 88)}$$
so, the CP 250 Rs
now the new profit is 10% and cp is 250 Rs
and we have to find by how much amount as compared to earlier the SP will be more so as to gain profit of 10%.
$$SP = [\frac{100 + Gain\%}{ 100}] \times{CP}$$
$$SP = [\frac{(100 + 10)}{ 100}] \times{250}$$
$$SP = \frac{(110)}{ 100} \times{250}$$
so SP= 275 Rs
now increase in amount= 275-220 = 55 Rs
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