Question : By selling a bag for Rs. 230, a profit of 15% is made. The selling price of the bag, when sold at 20% profit, would be:
Option 1: Rs. 250
Option 2: Rs. 205
Option 3: Rs. 240
Option 4: Rs. 200
Answer (1)
21st Jan, 2024
Correct Answer: Rs. 240
Solution :
Let the Cost price (CP) be Rs.
Selling price (SP) of the bag = Rs. 230 and profit = 15%
SP =
⇒
⇒
⇒
For a profit of 20%,
The new selling price of the bag =
Hence, the correct answer is Rs. 240.
Comments (0)
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