If I sell a cycle at ₹3600. I make a profit of 20%. At what price I need to sell to make a profit of 10%?
Answer & explanation
Correct answer: option 3
At 20% profit:
C.P. = 100R, Profit = 20R and Selling Price = 120R
ATQ,
S.P. = 3600
120R = 3600
1R = 30
Now, at 10% profit:
C.P. = 100R, Profit = 10R and Selling Price = 110R
Therefore, 1R = 30
S.P. = 110R = 110 × 30 = Rs.3300/-