A T.V. is sold at 8% gain. Had it been sold for Rs 714 more, the gain would have been 15%. To gain 18% the selling price of the T.V. should be:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs 12,036.
Let the CP of TV be 100x
SP of the TV at 8% gain = 108x.
SP of the TV at 15% gain = 115x
Difference = 115x - 108x = 714
7x = 714
x = 102.
SP of the TV to gain 18% = 118x
118 × 102 = 12036.