6 Views

Question : Rahul sold a box for INR 1,440 at a loss of 40%. What should the selling price of the box be to enable Rahul to earn a profit of 40%?

Option 1: INR 2,592

Option 2: INR 3,480

Option 3: INR 3,120

Option 4: INR 3,360


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: INR 3,360


Solution : Selling price = INR 1,440
Loss = 40% of cost price
Cost price = selling price + loss
⇒ Cost price = 1440 + 40% of cost price
⇒ 60% of cost price = 1440
⇒ Cost price = $\frac{1440}{0.6}$ = INR 2400
Profit = 40% of cost price = 0.4 × 2400 = INR 960
So, the selling price = cost price + profit = 2400 + 960 = INR 3,360
Hence, the correct answer is INR 3,360.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books