Question

    A smartphone was sold for Rs. 36,300 at a profit of 10%.

    If the smartphone was instead sold at a loss of 8%, what would have been its selling price?
    A Rs.28,650 Correct Answer Incorrect Answer
    B Rs.18,160 Correct Answer Incorrect Answer
    C Rs.25,300 Correct Answer Incorrect Answer
    D Rs.30,360 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the smartphone = Rs. '100y' Then, selling price when sold at 10% profit = 100y × 1.10 = Rs. '110y' So, 110y = 36300 So, selling price when sold at a loss of 8% = 100y × 0.92 = Rs. '92y' Or, 92y = 36300 × (92/110) = Rs. 30,360 Alternate solution: Required selling price = 36300 × (92/110) = Rs. 30,360

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