A motorcycle was sold for 42000 at loss of 7%. what will be the selling price to gain 10%

Answers 2

Answer:

very nice answer of this question

Step-by-step explanation:

very nice question

Answer: The Selling Price should be 49677.42 to have a profit of 10%

Step-by-step explanation:

Given that the motorcycle was sold for 42000 at a loss of 7%

We have to find the selling price so that there is a profit of 10%

Let the cost price be x

As it is sold at a loss of 7 %

[tex]loss=\frac{7}{100}x[/tex]

[tex]SP=x-\frac{7}{100}x = \frac{93}{100}x[/tex]

Given Selling Price(SP)=42000

Now,

[tex]\frac{93}{100}x = 42000\\\\ x=\frac{42000*100}{93}\\\\ x=45161.29[/tex]

So the Cost Price(CP) of the motorcycle is 45,161.29

For a profit of 10%

[tex]Profit=\frac{10}{100}*45161.29[/tex]

[tex]Profit=4516.129[/tex]

The new Selling Price of the motorcycle is = Profit + Cost Price

= [tex]45161.29+4516.129[/tex]

= [tex]49,677.42[/tex]

So the Selling Price should be 49,677.42 to have a profit of 10%