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    Question

    A merchant fixed the selling price of his articles at

    675 after adding 35% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 12.5% profit. Find the new selling price.
    A 562.50 Correct Answer Incorrect Answer
    B 502.50 Correct Answer Incorrect Answer
    C 560.50 Correct Answer Incorrect Answer
    D 572.50 Correct Answer Incorrect Answer

    Solution

    CP of article be x x = (675 × 100)/135 = Rs. 500 New SP = 500 × 112.5/100 = Rs. 562.50

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