Question 57

An item is sold for ₹702 at a profit of ₹162. If an additional profit of 10% is to be made, then the new selling price will be:

Solution

An item is sold for ₹702 at a profit of ₹162.

Initial selling price = ₹702

Initial cost price = 702-162

= ₹540

If an additional profit of 10% is to be made.

New selling price = 540 of (100+10)%+162

= 540 of 110% + 162

= 594 + 162

= ₹756

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