Question

By selling a shirt for Rs 285 a shopkeeper loses 5%. At what price should he sell the shirt so as to gain 15%?

Answer 1

Let the CP of the shirt be Rs.x.

Its SP with 5% loss becomes Rs ( x-x*5/100)

=Rs19x/20

By the problem

19x/20=285

=>x=(285*20)/19=300

Hence the CP= Rs300.

So SP with 15% profit

=Rs(300+300*15/100)=Rs345