Paras sold his goods for Rs.960 at 33.33% profit. Find the price at which he must sell his goods so that he earns 20% profit.
Answer & explanation
Correct answer: option 4
Profit = 33.33 = \(\frac{1}{3}\)
SP = 4x = 960
CP = 3x
So, SP at 20% profit = 120% of 3x = 3.6x
x = 240
3.6x = 864