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%?
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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