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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