A person sold a stove for Rs 470 and incurred a loss of 6%. The price would it be sold so as to earn a profit of 8%?

525

500

540

490

Explanation

S.P. = 470 & Loss %= 6%

C.P. = 100 * S.P. / (100 - Loss) = 100*470/100–6

= 100*470/94

C.P. = 464

Now C.P. = 464. & Profit% = 8%

S.P. = C.P. * (100+8) /100 = 464*108/100

S.P. = 500

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ND20-1-2023

100×470÷94 this would be 500 not 464 correct option would be 540

500 original value after recovering of 6% loss Now get 8% profit it's value become 540. Because 8% of 500 is 40. The price would be 540 and profit is 8%.