Question
A smartphone was sold for Rs. 36,300 at a profit of 10%.
If the smartphone was instead sold at a loss of 8%, what would have been its selling price?Solution
ATQ, Let the cost price of the smartphone = Rs. '100y' Then, selling price when sold at 10% profit = 100y × 1.10 = Rs. '110y' So, 110y = 36300 So, selling price when sold at a loss of 8% = 100y × 0.92 = Rs. '92y' Or, 92y = 36300 × (92/110) = Rs. 30,360 Alternate solution: Required selling price = 36300 × (92/110) = Rs. 30,360
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