Vinayak wants to sell a PS4. He loses 10% if he sells it for Rs. 36,0

1.	Vinayak wants to sell a PS4. He loses 10% if he sells it for Rs. 36,000 and he wants to gain 15%, So at what price should he sell it to gain 15%?1. Rs. 69,0002. Rs. 46,0003. Rs. 50,0004. Rs. 48,000
Answer» Correct Answer - Option 2 : Rs. 46,000 Given: Selling price = Rs. 36,000 Loss % = 10% Profit % = 15% Formula used: S.P. = C.P. × (100 – L%)/100 S.P. = C.P. × (100 + P%)/100 Where S.P. → Selling price CP → Cost price L% → Loss % P% ⇒ Profit % Calculations: S.P. = C.P. × (100 – L%)/100 So, CP = (SP × 100)/(100 – L%) The cost price = (36000 × 100)/(100 – 10) = 36000 × (100/90) ⇒ CP = 40000 For 15% profit S.P. = C.P. × (100 + P%)/100 ⇒ S.P. = 40000 × (100 + 15)/100 = Rs. 46,000 ∴ The required selling price of the product is Rs. 46,000.

Vinayak wants to sell a PS4. He loses 10% if he sells it for Rs. 36,000 and he wants to gain 15%, So at what price should he sell it to gain 15%?1. Rs. 69,0002. Rs. 46,0003. Rs. 50,0004. Rs. 48,000

Answer» Correct Answer - Option 2 : Rs. 46,000

Given:

Selling price = Rs. 36,000

Loss % = 10%

Profit % = 15%

Formula used:

S.P. = C.P. × (100 – L%)/100

S.P. = C.P. × (100 + P%)/100

Where

S.P. → Selling price

CP → Cost price

L% → Loss %

P% ⇒ Profit %

Calculations:

S.P. = C.P. × (100 – L%)/100

So, CP = (SP × 100)/(100 – L%)

The cost price = (36000 × 100)/(100 – 10) = 36000 × (100/90)

⇒ CP = 40000

For 15% profit

S.P. = C.P. × (100 + P%)/100

⇒ S.P. = 40000 × (100 + 15)/100 = Rs. 46,000

∴ The required selling price of the product is Rs. 46,000.

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