Question 65

There would be 20% loss if a toy is sold for Rs 11.20. At what price (in Rs) the toy should be sold to earn a profit of 10%?

Solution

Selling price = Rs. 11.20

Loss % = 20%

=> Cost price = $$\frac{11.20}{(100-20)}\times100$$

= $$\frac{112}{8}=Rs.$$ $$14$$

Now, to earn 10% profit, => Selling price = $$14+(\frac{10}{100}\times14)$$

= $$14+1.4=Rs.$$ $$15.4$$

=> Ans - (D)

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