Seeta sells a dining set to Neeta for ₹ 6,000 and gains 20%. For how much should she sell it to increase her profit by another 5%.(7th class math)

Seeta sells a dining set to Neeta for ₹ 6,000 and gains 20%. For how much should she sell it to increase her profit by another 5%.(7th class math)

Solution:Given Seeta sell dining set to Neeta(Selling price) = Rs.6000

                                                     Gains % = 20%

By using formula-

 S P = C P X (100 + Gain%)/100

 6000 Rs. = C P X (100 + 20)/100

 6000 Rs.= C P X 120/100

 C P = 6000 X 100/120

 C P = 5000 Rs.

According to question

Increase profit by another 5%.

then Gain = 5% of 5000

                = 5/100 X 5000

                = 25000/100

                = 250 Rs.

Selling price(S P) = 6000 Rs. + 250 Rs.

                             = 6250 Rs.

Therefore Selling price 6250 Rs.