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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