I sold my radio set at 10% loss. if I had sold it for Rs. 45 more I would have made 5% profit. For how much did I sell the radio?

Asked by Pratik Sharma | 17th May, 2013, 08:26: PM

Expert Answer:

Let the CP of the radio be Rs x
Hence, Loss% = Loss/CP *100
Loss = 0.1x
CP-SP = loss
SP = x - 0.1x = 0.9x
 
Had he sold for Rs 45 more, i..e SP = 0.9x + 45
Profit% = (SP-CP)/CP *100
5 = (0.9x+45-x)/x *100
0.05x = 45-0.1x
0.15x = 45
x = Rs 300

Answered by  | 18th May, 2013, 05:34: AM

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