Sofia sold an iPhone at the cost of Rs.46,068 at a loss of 12%. At what cost will she have to sell it to get a profit of 18%?
Answer & explanation
Correct answer: option 1
Selling price = Rs.46,068
Loss% = 12%
Profit to be earned = 18%
According to the question =
New selling price = 46068 × \(\frac{118%}{88%}\) = Rs.61,773