A shopkeeper incurred a loss of 10% by selling an item for ₹1,980. At what price (in ₹) should he sell that item to gain 15%?
Given:
Loss % = 10%
Selling Price at 10% loss = ₹1980
Required Gain % = 15%
Formula Used:
Use the relationship between Selling Price (SP), Cost Price (CP), and Profit/Loss %:
If there is a loss,
If there is a gain,
Solution:
CP
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