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A man incurs a loss of 12% while selling a bag for Rs 1056. At what price he should sell the bag if he wants to earn a profit of 5%.Rs1200Rs960Rs1160Rs1260

Question

A man incurs a loss of 12% while selling a bag for Rs 1056. At what price he should sell the bag if he wants to earn a profit of 5%.Rs1200Rs960Rs1160Rs1260
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Solution 1

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

Given that the man incurs a loss of 12% while selling the bag for Rs 1056, we can set up the following equation:

Cost Price (CP) - 12% of CP = Selling Price (SP)

Let's denote the cost price as CP. So, the equation becomes:

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Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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