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By selling a flower pot for Rs. 322, a m...

By selling a flower pot for Rs. `322,` a man gains `15%.`
At what price should he sell it to gain `20% ?`

A

`"Rs.200"`

B

`"Rs.300"`

C

`"Rs.336"`

D

`"Rs.330"`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's follow the logic presented in the video transcript. ### Step 1: Identify the Selling Price and Gain Percentage We are given: - Selling Price (SP) = Rs. 322 - Gain Percentage = 15% ### Step 2: Calculate the Cost Price (CP) We know the formula relating Selling Price, Cost Price, and Gain Percentage: \[ SP = \left( \frac{100 + \text{Gain Percentage}}{100} \right) \times CP \] Substituting the values we have: \[ 322 = \left( \frac{100 + 15}{100} \right) \times CP \] This simplifies to: \[ 322 = \left( \frac{115}{100} \right) \times CP \] ### Step 3: Rearranging to Find CP To find CP, we can rearrange the equation: \[ CP = \frac{322 \times 100}{115} \] Calculating this: \[ CP = \frac{32200}{115} \approx 280 \] So, the Cost Price (CP) is Rs. 280. ### Step 4: Calculate the Selling Price for a 20% Gain Now, we need to find the Selling Price when the Gain Percentage is 20%. We will use the same formula: \[ SP = \left( \frac{100 + \text{Gain Percentage}}{100} \right) \times CP \] Substituting the new gain percentage: \[ SP = \left( \frac{100 + 20}{100} \right) \times 280 \] This simplifies to: \[ SP = \left( \frac{120}{100} \right) \times 280 \] ### Step 5: Calculate the New Selling Price Calculating this: \[ SP = \frac{120 \times 280}{100} = 336 \] Thus, the Selling Price to gain 20% is Rs. 336. ### Final Answer The man should sell the flower pot for **Rs. 336** to gain 20%. ---
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Knowledge Check

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