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Question 79
An article was sold at Rs. 920 at a profit of 15%. Find the selling price to get a profit of 20%.
Solution
Let cost price = X
profit = 15% of X
= 0.15X
selling price = C.P + profit
= X + 0.15X
= 1.15 X
Given that S.P = Rs 920
so,
920 = 1.15 X
X = RS 800
given 20% profit
so, 20% of 800 = 160
s.p = c.p+ profit = 800 + 160 = Rs 960
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