Question
A businessman sold a commodity for Rs. 4,250 and gained a
profit of 25%. Find the new selling price if he decides to earn only 15% profit.Solution
ATQ,
Original selling price of the product = Rs. 4,250
So, cost price of the product = 4250 / 1.25 = Rs. 3,400
New selling price of the product = 3400 × 1.15 = Rs. 3,910
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