Question
Rani bought a refrigerator for 15,500 and sold it to
Sony at a loss of 12%. Sony spent 3,360 on its repairs and sold it to Roja at a price that would have given a profit of 20% to Rani. The percentage profit earned by Sony is closest to-Solution
CP of Soni = 15500 ×22/25 = 620 × 22 = 13640 Total CP after repairing = 13640 + 3360 =17000 SP of Soni = 15500 × 6/5= 18600 Profit% = 1600/17000 ×100% = 9.41%
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