Question 17

A gain of 12% is got by selling an article for Rs.3360. What should be the selling price, if the profit aimed is
only 8%?

Solution

given SP = 3360

gain = 12%

$$ CP = 3360 \times \frac{100}{112} = 3000 $$

now CP = 3000

gain = 8%

then $$ SP = 3000 \times \frac{108}{100} = 3240 $$

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