Question 64

Suresh sells a pen at ₹ 120 for $$33\frac{1}{3}$$% profit. At what price should he sell it to gain 40%?

Solution

Selling price = Rs. 120 and profit % = $$\frac{100}{3}\%$$

Thus, cost price = $$\frac{120}{100+\frac{100}{3}}\times100$$

= $$\frac{120}{4}\times3=Rs.$$ $$90$$

Thus, selling price to earn 40% profit = $$90\times\frac{140}{100}=Rs.$$ $$126$$

=> Ans - (D)

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