This question asks us to determine the new selling price for an orange if the vendor wants to achieve a 78% profit, given that the current selling price of ₹44 results in a 78% loss.
First, we need to find the original cost price (CP) of the orange. The vendor sells the orange for ₹44, incurring a loss of 78%. This means the selling price (SP1) represents the remaining percentage of the cost price after the loss.
We can set up the equation:
SP1 = CP $\times$ $\frac{100 - \text{Loss}\%}{100}$
Substituting the values:
$₹44 = \text{CP} \times \frac{100 - 78}{100}$
$₹44 = \text{CP} \times \frac{22}{100}$
Now, we solve for CP:
$\text{CP} = \frac{₹44 \times 100}{22}$
$\text{CP} = ₹2 \times 100$
$\text{CP} = ₹200$
So, the cost price of each orange is ₹200.
Next, we need to calculate the selling price (SP2) required to make a profit of 78%. A profit of 78% means the selling price will be the cost price plus 78% of the cost price.
The formula for the new selling price is:
SP2 = CP $\times$ $\frac{100 + \text{Profit}\%}{100}$
Substituting the values:
$\text{SP2} = ₹200 \times \frac{100 + 78}{100}$
$\text{SP2} = ₹200 \times \frac{178}{100}$
$\text{SP2} = ₹2 \times 178$
$\text{SP2} = ₹356$
Therefore, the vendor should sell each orange for ₹356 to make a profit of 78%.
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