By selling an article for ₹ 7,281, a man loses 10%. At what price (in ₹) should he sell it in order to make a profit of 10%?

Explanation

Given: By selling an article for ₹ 7,281, a man loses 10% Concept used: Selling price = Cost price × (100 + profit)% Selling price = Cost price × (100 - loss)% Calculation: Let the cost price of the article be Rs. x According to the question, x × (90/100) = 7281 ⇒ x = 7281 × (10/9) ⇒ x = 8090 Now, Selling price to get a profit of 10% = 8090 × (110/100) ⇒ 8899 ∴ H e should sell it in 8899 (in ₹) order to make a profit of 10%.