Question
A trader sold an item for Rs. 3,600 and earned a profit of
20%. What would be the selling price if the trader aims for a 10% profit instead?Solution
ATQ,
Original selling price of the product = Rs. 3,600
So, cost price of the product = 3600 / 1.20 = Rs. 3,000
New selling price of the product = 3000 × 1.10 = Rs. 3,300
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