By selling an article for ₹507.40, a person makes a profit of 18%. At what price (in₹) should he sell it to make a profit of 24%
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 533.20.
Selling Price for 18% profit = ₹507.40
Let Cost Price = 507.40/1.18 = ₹430
New Selling Price for 24% profit = 430 × 1.24 = ₹533.20