To earn a 12% profit, a shopkeeper sells a television for Rs. 22,400. What should be the selling price (in) of the television if he wants a double profit?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 24,800.
CP of the TV = SP × 100/(100 + P%) = 22400 × 100/112 = Rs 20000
For double profit, SP = 20000 × 124/100 = Rs 24800