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%?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 × 1.08 = Rs. 2,776
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