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      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.
      A Rs.3,300 Correct Answer Incorrect Answer
      B Rs.2,500 Correct Answer Incorrect Answer
      C Rs.1,500 Correct Answer Incorrect Answer
      D Rs.3,910 Correct Answer Incorrect Answer

      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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