📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    By selling a TV set for Rs 16,800 a salesman gains a

    profit of 20%. If the production cost is increased by 20%, find the new selling price of the set to gain 20%.
    A 25,160 Correct Answer Incorrect Answer
    B 20,160 Correct Answer Incorrect Answer
    C 17,124 Correct Answer Incorrect Answer
    D 22,162 Correct Answer Incorrect Answer

    Solution

    Original Cost Price (CP): CP= 16,800 /1.20 = 14,000 New CP after 20% increase: New CP =14,000 × 1.20 = 16,800 New Selling Price (SP) for 20% profit: New SP =16,800 × 1.20 = 20, 160 New Selling Price: Rs 20,160

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question