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    Question

    A shopkeeper offers a watch at Rs. 2,880, making a 12%

    profit. What will be the new selling price if he lowers his profit to 8%?
    A Rs.3,300 Correct Answer Incorrect Answer
    B Rs.2,776 Correct Answer Incorrect Answer
    C Rs.4,904 Correct Answer Incorrect Answer
    D Rs.3,910 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Original selling price of the product = Rs. 2,880

    So, cost price of the product = 2880 / 1.12 = Rs. 2,571

    New selling price of the product = 2571 Ɨ 1.08 = Rs. 2,776

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