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?
    A Rs.824 Correct Answer Incorrect Answer
    B Rs.764 Correct Answer Incorrect Answer
    C Rs.725 Correct Answer Incorrect Answer
    D Rs.744 Correct Answer Incorrect Answer

    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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