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    Question

    A seller sells an item for Rs.

    225.50 and incurs a loss of 18%. At what price should the item be sold in order to achieve a profit of 12%?
    A Rs.300 Correct Answer Incorrect Answer
    B Rs.208 Correct Answer Incorrect Answer
    C Rs.308 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Cost price of the item = 225.5 ÷ 0.82 = Rs. 275 So, selling price of the item when selling at 12% profit = 275 X 1.12 = Rs.308

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