Show By selling a watch for Rs.720, Ravi loses 10%. At what price should he sell it, in order to gain 15%?Answer Verified
Hint: This problem deals with the profit and loss of a good. Here we are asked to find the selling price of a good when given the profit percentage. We have to find the cost price of the good first from the given loss percentage, in order to calculate the selling price for profit. If profit is $P$, loss is $L$, selling price and cost price are $SP$ and $CP$ respectively. The profit and loss percentage formulas are given by: Complete step-by-step answer: Final Answer: The selling price is Rs.920 for Ravi to gain a profit of 15%. Note:
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