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Question 8
A cycle was sold for ₹4,140 with a profit of 15%. At what price could it have been sold to earn a profit of 25% ?
Solution
S.P=4140 Rs And profit % = 15
C.P=4140$$\times\ $$($$\ \frac{\ 100}{115}$$) =3600
for earn 25 % profit
New selling price =3600$$\times\ $$($$\ \frac{\ 125}{100}$$)=4500
option 'B' is correct.
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