Question 73

By selling a used phone for ₹ 6,160 Rajan got 44% less than what it cost him to buy it a few years ago. At what price should Rajan have been able to sell it to make a profit of 5%?

Solution

According to the question,

56% of cp = 6160 (or) cp = 11,000

Now to get 5% profit Rajan must sell at,

1.05 x 11,000 = 11,550

Hence, option B is the correct answer.

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