Question

The selling price of an article is Rs. 960 and profit earned on it is 50%. If the new profit percentage is 30%, then what will be the selling price of the article?

• A. Rs. 832
• B. Rs. 844
• C. Rs. 736
• D. Rs. 748

Answer 1

Answer:

A. Rs. 832

S.P = {(100 + Profit%)/100} × C.P ⇒ 960 = {(100 + 50)/100} × C.P ⇒ 960 × (2/3) = C.P C.P = 640 The new profit percentage is 30% S.P = {(100 + Profit%)/100} × C.P ⇒ S.P = {(100 + Profit%)/100} × C.P ⇒ S.P = {(100 + 30)/100} × 640 = 832