By selling a cycle forăŚ2040, I lose 15% ofmy investment. What sho

1.	By selling a cycle forăŚ2040, I lose 15% ofmy investment. What should be my sellingprice if I want to make a gain of 10%?
Answer» Let the investment be Rs xGiven SP of the machine is Rs 2040That is (x -15% of x) = Rs 2040 Hence, (85/100)x = 2040 2040 x (100/85) = 2400 Hence the investment on the machine is Rs 2400 Given gain should be 10%Hence 10% of Rs 2400 = Rs 240 Therefore the selling price should be Rs (2400 + 240) = Rs 2640

By selling a cycle forăŚ2040, I lose 15% ofmy investment. What should be my sellingprice if I want to make a gain of 10%?

Answer»

Let the investment be Rs xGiven SP of the machine is Rs 2040That is (x -15% of x) = Rs 2040

Hence, (85/100)x = 2040 2040 x (100/85) = 2400

Hence the investment on the machine is Rs 2400

Given gain should be 10%Hence 10% of Rs 2400 = Rs 240

Therefore the selling price should be Rs (2400 + 240) = Rs 2640