Question

By selling a bouquet for Rs.322, a florist gains 15%. At what price should he sell it to gain 25%?

Answer 1

Let × be the CP of bouquet. 

SP = Rs.322

SP = \(\frac{100\,+\,Gain\%}{100}\times CP\)

\(322=\frac{100\,+\,15}{100}\times x\)

\(322=\frac{115x}{100}\)

\(x=\frac{322\,\times\,100}{115}\)

= 280 

CP of bouquet = Rs.280 

Now, to sell bouquet on 25% gain, Selling Price will be

SP = \(\frac{100\,+\,Gain\%}{100}\times CP\)

= \(\frac{100\,+\,25}{100}\times280\)

= \(\frac{125}{100}\times280\)

= Rs.350