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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


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

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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