Question
A retailer sells a piece of furniture for Rs. 7,500 and
gains 40% profit. If he reduces his profit to 25%, what will be the new selling price?Solution
ATQ,
Original selling price of the product = Rs. 7,500
So, cost price of the product = 7500 / 1.40 = Rs. 5,357
New selling price of the product = 5357 × 1.25 = Rs. 6,696
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