This question asks us to find the selling price of a watch that ensures a 10% profit, given the initial selling price was Rs. 450 resulting in a 10% loss.
First, we need to determine the original cost price (CP) of the watch. We know that selling the watch for Rs. 450 resulted in a 10% loss.
The formula relating Selling Price (SP), Cost Price (CP), and Loss Percentage (Loss%) is:
SP = CP * (100 - Loss%) / 100
We are given:
Plugging these values into the formula:
Rs. 450 = CP * (100 - 10) / 100
Rs. 450 = CP * (90 / 100)
To find the CP, we rearrange the formula:
CP = Rs. 450 * (100 / 90)
CP = Rs. 450 * (10 / 9)
CP = Rs. 50 * 10
CP = Rs. 500
So, the cost price of the watch is Rs. 500.
Next, we need to find the selling price (let's call it SP') that would yield a 10% profit. We will use the cost price we just calculated (Rs. 500).
The formula relating Selling Price (SP), Cost Price (CP), and Profit Percentage (Profit%) is:
SP' = CP * (100 + Profit%) / 100
We have:
Plugging these values into the formula:
SP' = Rs. 500 * (100 + 10) / 100
SP' = Rs. 500 * (110 / 100)
SP' = Rs. 500 * (11 / 10)
SP' = Rs. 50 * 11
SP' = Rs. 550
Therefore, the watch should be sold for Rs. 550 to earn a 10% profit.
Two bikes were sold for a total of ₹ $1,50,000$. One bike was sold at $33\frac{1}{3}\%$ loss and the other at $20\%$ profit. The cost price of the first bike is equal to the selling price of the other bike. Find the over all loss.
What will be the profit percentage on selling an article at a certain price if there is $30\%$ loss on selling the article at $\frac{3}{5}$ of the selling price?
100 पुस्तकों का क्रय मूल्य 60 पुस्तकों के विक्रय मूल्य के बराबर है । लाभ प्रतिशत _______________ होगा ।