By selling an article for ₹19.5, a dealer makes a profit of 25%. By how much should he increase his selling price (in ₹) so as to make a profit of 50%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 3.9.
CP = 19.5 × (100/125) = 15.6
New SP = 1.5 × 15.6 = 23.4
Increase in selling price = 23.4 - 19.5 = 3.9