If a shopkeeper sells a mixer at Rs 11,400 then he suffers a loss of 5%. At what price (in Rs) should he sell the mixer to gain 10%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 13200
|
Understanding |
Application |
|
If a shopkeeper sells a mixer at Rs 11,400 then he suffers a loss of 5%. |
So, Cost price = 11400/0.95 = 12000 Hence, SP for 10% gain = 12000 × 1.1 = Rs. 13200 |