A man incurred 8% loss by selling a TV for ₹18,400. At what price should the TV be sold to earn 5% profit?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹21000
CP = SP × 100/(100 - Loss %)
CP = 18400 × 100/92 = 20000
SP = CP × (100 + profit %)/100
SP = 20000 × 105/100 = Rs 21000