Selling an item for ₹ 72 results in a 10% loss. For what price should it be sold to get a 5% profit?
₹ 84
₹ 84 is correct.
Profit and loss percentages are calculated on the cost price, so first find the cost price from the given sale and then apply the required profit.
A 10% loss means the selling price is 90% of the cost price.
Cost price = \(\dfrac{72 \times 100}{90} = 80\), that is ₹80.
For a 5% profit, selling price = \(80 \times \dfrac{105}{100} = 84\).
So it should be sold for ₹84.
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