The profit earned by selling a jacket for Rs. 9610 is equal to the loss incurred by selling the same jacket for Rs. 7690. What should be the selling price of the jacket to earn a 10 percent profit?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 9515.
CP of the jacket = (9610 + 7690)/2 = 17300/2 = 8650
SP = (110/100) × 8650 = 9515
Hence, the selling price of the jacket is Rs. 9515.