Question
When an item is sold for Rs. 800, the profit is 10% more
than when it's sold for Rs. 780. To achieve a 60% profit, determine the selling price.Solution
ATQ, Let the cost price be Rs. 'a'. 1.1 * (780 - a) = 800 - a Or, 858 - 1.1a = 800 - a Or, 1.1a - a = 858 - 800 So, a = (58/0.1) = 580 Required selling price = 1.6 × a = 1.6 × 580 = Rs.928
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