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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