Question 55

By selling a bag at Rs. 230, profit of 15% is made. The selling price of the bag, when it is sold at 20% profit would be

Solution

Let cost price of the bag = Rs. $$100x$$

Selling price = Rs. 230

=> Profit % = $$\frac{230-100x}{100x} \times 100 = 15$$

=> $$230-100x=15x$$

=> $$100x+15x=230$$

=> $$x=\frac{230}{115}=2$$

$$\therefore$$ Cost price = $$100 \times 2 = Rs.$$ $$200$$

When profit % = 20%

=> Selling price = $$200 \times \frac{120}{100}=Rs.$$ $$240$$

=> Ans - (C)

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