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      Question

      An item is sold for Rs. 2,100 at a loss of 16%. If the

      same item is sold at a profit of 12%, what will be its selling price?
      A Rs.1,200 Correct Answer Incorrect Answer
      B Rs.2,800 Correct Answer Incorrect Answer
      C Rs.3,200 Correct Answer Incorrect Answer
      D Rs.2,250 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Cost price of item = (2,100/0.84) = Rs. 2,500 Required selling price = 1.12 × 2,500 = Rs. 2,800

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