Question
A trader sold an article for Rs. 640 and made a profit of
28%. If he wants to increase his profit to 45%, what should be the new selling price?Solution
ATQ,
Cost price of the article = (640 / 1.28) = Rs. 500
Selling price of the article at 45% profit = 500 × 1.45 = Rs. 725
Therefore, he should sell the article at Rs. 725 to earn 45% profit.
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