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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


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

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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