A shopkeeper sold an article at a 26% profit. On selling it for ₹2,250 more, he would get a profit of 41%. If this article is sold at 12% profit, then the selling price would be:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹16,800.
Difference between two profit% is equivalent to ₹2,250.
⇒ 41% - 26% = 2250
⇒ 15% = 2250
⇒ 1% = 150
⇒100% = 15000
Thus, C.P. is ₹15000.
S.P. = 15000 × 1.12 = ₹16,800.
Hence, Selling price is ₹16,800.