Question 81

If the selling price of an article is Rs.240, the profit is 20%, then for how much should it be sold, if the profit is to be 30%?

Solution

profit %= $$ (sp-cp) \div cp $$

sp=selling price cp=cost price

for 20% profit, sp=240

$$ 20 \div 100=(240-cp) \div cp $$

on solving we get cp=200

if profit is to be 30%, then we need to find out sp=?

$$ 30\div 100 =(sp-200) \div 200 $$

solving we get sp=260

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