A cycle was sold for ₹4,140 with a profit of 15%. At what price could it have been sold to earn a profit of 25%?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e ₹4,500.
| Understanding |
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S.P of a cycle = 4140 Profit % = 15 % S.P. = 115 ÷ 100 × CP 4140 = 115 ÷ 100 × CP (4140 × 100) ÷ 115 = CP 3600 = CP New P % = 25 % New SP = 125 ÷ 100 × CP SP = 125 ÷ 100 × 3600 SP = 4500 Hence, option 2 is the correct answer. |