Solve the following word problems:
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Answer:
Step-by-step explanation:
SP = ₹ 2250
Loss = 1/2% = 0.5%
[tex]CP = \frac{100}{100-loss}*SP\\\\=\frac{100}{99.5}*2250\\\\[/tex]
= ₹ 2261.31
b) Profit = 15%
[tex]SP = \frac{100+profit}{100}*CP\\\\= \frac{115}{100}*2261.31[/tex]
= ₹ 2600.51