Question

By selling an article for ₹1,500, a man gains ₹150. At what price (in ₹) should he sell the article to gain 24%?

• A. 1404
• B. 1750
• C. 1500
• D. 1674

Answer 1

Answer:

D. 1674

Given:
Selling price = ₹1500
Gain = ₹150

Find Cost Price

$\text{CP} = 1500 - 150 = 1350$
Find new Selling Price for 24% gain

$\text{SP} = 1350 \times (1 + \frac{24}{100})$
$= 1350 \times 1.24$

= 1674
Final Answer: ₹1674