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If a saree is sold for Rs 1900 the seller will face 5% loss, at what price (in Rs) should he sell the saree to gain 15% profit?Options2200250023002400

Question

If a saree is sold for Rs 1900 the seller will face 5% loss, at what price (in Rs) should he sell the saree to gain 15% profit?

Options:

  • 2200
  • 2500
  • 2300
  • 2400
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Solution

To solve this problem, we first need to find the cost price of the saree.

Given that the seller faces a 5% loss when the saree is sold for Rs 1900, we can set up the following equation:

95/100 * Cost Price = Rs 1900

Solving for Cost Price gives us:

Cost Price = Rs 1900 / (95/100) = Rs 2000

Now, to find the price at which the seller should sell the saree to gain a 15% profit, we use the following equation:

Selling Price = 115/100 * Cost Price

Substituting the value of Cost Price we found earlier:

Selling Price = 115/100 * Rs 2000 = Rs 2300

So, the seller should sell the saree for Rs 2300 to gain a 15% profit.

This problem has been solved

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