By selling a bouquet or rs 322, aflorist gains 15percent at what price should he sell it to gain 25percent
Dear Student!
Here is the answer to your question.
Selling Price of bouquet = Rs 322
Gain percent = 15%
Let CP of bouquet be Rs x.
⇒ Gain = SP – CP = 322 – x
∴ Gain % =
⇒ 15x = 32200 – 100 x
⇒ 115x = 32200
⇒ x = 280
New Gain % = 25%
Also, Gain % =
New, S.P. = CP + Gain = Rs 280 + Rs 70 = Rs 350
The florist should sell the bouquet for Rs 350 to earn 25% profit.
Cheers!