Profit after selling an article for ₹7170 is \(11\frac{1 }{9}\) % more than loss incurred when it is sold at ₹5270. What would be the selling price if he wants to earn a profit of 10%.
Answer & explanation
Correct answer: option 3
ATQ,
(7170 - P) = \(\frac{10}{9}\) (P - 5270)
19P = 117230
P = 6170
SP at 10% = 6170 × \(\frac{110}{100}\) = 6787