By selling a refrigerator for Rs.28,448, a shopkeeper makes a profit of 12%. If the profit is reduced to 8%, what is the new selling price of the refrigerator?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs.27,432
The selling price of a refrigerator = Rs 28448
The profit % = 12%
Now the profit percentage is 8%
Then the new selling price = (28448/112) × 108
= Rs. 27432