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By selling a casserole for Rs.960, a man incurs a loss of 4%. At what price should he sell the casserole to gain 16%?

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By selling a casserole for Rs.960, a man incurs a loss of 4%. At what price should he sell the casserole to gain 16%?
posted Jan 11, 2016 by anonymous

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2 Answers

+1 vote

Cp-Loss=Sp1
x-4%x=960
x=1000=Cp1
Then
Cp+Profit =Cp2
1000+16%*1000=Cp2
Cp2=1160
Ans:sale price of casserole 1160 to gain 16%profit.

answer Jan 12, 2016 by Jaikumar Bhatia
0 votes

Ans is 1160rs

answer Jan 12, 2016 by Manoj Suryawanshi
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