A trader lost 10% by selling a shirt for ₹850. He will gain x%' by selling it for ₹1530, the value of x is:
Given:
A trader lost 10% by selling a shirt for ₹850.
He will gain x% by selling it for ₹1530.
Formula Used:
Profit = Selling Price - Cost Price
Solution:
Let the cost price of the shirt be C .
When the trader sells the shirt for ₹850, he incurs a loss of 10%. The relationship between selling price and cost price is:
So,
850 = 0.90C.
C
Now, if the trader sells the shirt for ₹ 1530, the selling price is ₹ 1530. The profit is:
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