Math Problem Statement

4% of loss when a chair is sold out for 1728 rupees.Then,if you want a 6% of profit,how much will be the selling prise of the chair?

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentages
Cost Price and Selling Price

Formulas

Selling Price (S.P.) = (Cost Price (C.P.) * (100 ± Percentage Profit or Loss) / 100)
Cost Price (C.P.) = (Selling Price (S.P.) * 100) / (100 - Percentage Loss)

Theorems

Basic Percentage Calculation for Profit and Loss

Suitable Grade Level

Grades 6-8