Question
Profit earned on selling an item for Rs. 4,060 is 16%.
Suppose the seller wants to earn 42% profit, then determine the price at which the item should be sold.Solution
ATQ, Cost price of the item = 4060 ÷ 1.16 = Rs. 3,500 So, required selling price of the item = 3500 × 1.42 = Rs. 4,970
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