Question : A table is sold at Rs 1800 at a loss of 10%. At what price should it be sold to earn a profit of 15%?
Option 1: Rs. 2070
Option 2: Rs. 1890
Option 3: Rs. 2000
Option 4: Rs. 2300
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Correct Answer: Rs. 2300
Solution :
Let CP of the table be Rs. $y$
At a loss of 10%, Selling price = $\frac{(100-10)}{100}\times 2=\frac{90y}{100}$
According to the question,
$\frac{90y}{100}=1800$
⇒ $y=2000$
For a profit of 15%.
Selling Price = $\frac{2000 \times (10+15)}{100}=\text{Rs.}\ 2300$
Hence, the correct answer is Rs. 2300.
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