A vendor marked the selling price of a table at ₹5,670 after adding 35% profit to its cost price. Since the sale was very low at this price level, he decided to sell the table with 12% profit. Find the new selling price (in ₹).
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 4,704.
Given that
The selling price of a table = ₹5,670
Profit at Cost price = 35%
Now, profit gain on new selling price = 12%
Cost Price = Selling Price × 100/(100 + profit %)
According to the question
New selling price = (5670/135) × 112 = ₹4704