By selling an article for ₹19.5, a dealer makes a profit of 30%. By how much should he increase his selling price (in ₹) so as to make a profit of 50%?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 3 .
Let Cost Price = C
Given: Selling price for 30% profit = ₹19.5
So, 19.5 = C + 30% of C = 1.3C
=> C = 19.5 ÷ 1.3 = ₹15
For 50% profit, new selling price = 1.5 × 15 = ₹22.5
Increase in selling price = 22.5 - 19.5 = ₹3