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
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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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