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Find out how much to sell oranges for to make a 10% profit after initially selling them for Rs. 2112 and losing 12%.
What should be the selling price to gain 10% If the vendor sells oranges at Rs. 2112 and loses 12%?
To find the selling price that would result in a 10% gain after initially selling at Rs. 2112 with a 12% loss, we can use the following steps:
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Calculate the cost price (CP) using the given selling price (SP) and loss percentage (LP): CP = SP / (1 – LP/100)
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Calculate the new selling price (SP_new) for a 10% gain from the cost price: SP_new = CP * (1 + 10/100)
Let’s compute:
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Calculate the cost price: CP = 2112 / (1 – 12/100) = 2112 / (1 – 0.12) = 2112 / 0.88 ≈ Rs. 2400
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Calculate the new selling price for a 10% gain: SP_new = 2400 * (1 + 10/100) = 2400 * 1.10 = Rs. 2640
So, the selling price to gain 10% after initially selling at Rs. 2112 and incurring a 12% loss should be approximately Rs. 2640.
Profit and Loss in Mathematics
In mathematics, profit and loss refer to the financial outcomes of a business transaction or operation. Profit is the positive financial gain earned when the revenue earned from selling a product or providing a service exceeds the total costs incurred in producing or providing that product or service. On the other hand, loss occurs when the costs exceed the revenue.
To calculate profit or loss, you typically need to consider several factors:
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Revenue: This is the total amount of money earned from selling goods or services.
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Costs: Costs are the expenses incurred in producing or providing goods or services. This includes direct costs such as the cost of goods sold (COGS), as well as indirect costs such as rent, utilities, salaries, and marketing expenses.
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Profit: Profit is the difference between revenue and costs. It represents the financial gain earned by a business.
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Loss: Loss occurs when the costs exceed the revenue. It represents a negative financial outcome for a business.
The formulas for calculating profit and loss are as follows:
Profit = Revenue – Costs
Loss = Costs – Revenue
In practice, profit and loss calculations can be more complex, especially in situations where there are multiple revenue streams or various types of costs involved. Additionally, businesses often analyze profitability using metrics such as gross profit margin, net profit margin, and operating profit margin, which provide insights into the efficiency and profitability of the business operations.
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Source: Math Hello Kitty
Categories: Math
