Question

    A product is sold at a profit of 10.5%. If it had been

    sold for Rs. 375 more, the profit would have been 22.5%. Find the selling price of the product when it is sold at a 16% profit.
    A Rs.3268 Correct Answer Incorrect Answer
    B Rs.2025 Correct Answer Incorrect Answer
    C Rs.3625 Correct Answer Incorrect Answer
    D Rs.4272 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the product be Rs. '100m'

    So, 122.5m - 110.5m = 375

    ⇒ 12m = 375

    ⇒ m = 31.25

    Cost price = 100 × 31.25 = Rs. 3,125

    Selling price at 16% profit = 1.16 × 3,125 = Rs. 3,625

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