Question : Rakesh incurs a 4% loss by selling a TV for INR 39216. At what price should the TV be sold to earn a 4% profit?
Option 1: INR 48560
Option 2: INR 42484
Option 3: INR 45600
Option 4: INR 49780
Correct Answer: INR 42484
Solution :
Selling price = INR 39216
When there is a loss of 4%, then the selling price will be 96% of the cost price.
If there is a profit of 4%, then the selling price will be 104% of the cost price.
So, according to the question
96% of the cost price = 39216
So, 104% of the cost price = $\frac{39216}{96}$ × 104
= INR 42484
Hence, the correct answer is INR 42484.
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