A man sells a cow for Rs.22,000 and gains 10%. At what price should he sell the same cow, in order to gain 14%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs.22,800.
SP = 22000
CP = (100/110) × 22000 = 20000
New SP for a 14% gain = (114/100) × 20000 = 22800