By selling an article for ₹19, a dealer makes a profit of 10%. By how much should he increase his selling price (in ₹, rounded off to two decimal place) so as to make a profit of 50%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 6.91.
CP = 19 ÷ 1.10 = 17.2727…
SP for 50% profit = 1.5 × 17.2727… = 25.9090…
Increase needed = 25.9090… − 19 = ₹6.91