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    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.
    A Rs.4,970 Correct Answer Incorrect Answer
    B Rs.4,070 Correct Answer Incorrect Answer
    C Rs.4,470 Correct Answer Incorrect Answer
    D Rs.4,170 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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