JamiiForums Usiku wa manane

JamiiForums Usiku wa manane

To solve this, we first need to find the cost price (CP) of the article and then use it to find the selling price (SP) for a 5% profit.

1. Find the Cost Price (CP):

Given:

Selling price at 2% loss = Tsh 500

Loss percentage = 2%




{Cost Price} = {Selling Price}}{1 - {Loss Percentage}}{100}}

Substitute the values:

{Cost Price} = {500}{1 - {2}{100}} = {500}{0.98} approx 510.20

So, the cost price (CP) is approximately Tsh 510.20.

2. Calculate the Selling Price for a 5% Profit:

Now, to get a 5% profit, the selling price (SP) would be:



{Selling Price} = {Cost Price} (1 + {Profit Percentage}}{100}

Substitute the values:

{Selling Price} = 510.20 (1 + {5}{100})

{Selling Price} = 510.20 * 1.05 = 535.71

Therefore, the selling price for a 5% profit would be approximately Tsh 535.71.

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