If Ravi sells an old scooter for ₹18,000, then his loss incurred is 10%. If he sells it to gain a profit of 15%, then the selling price is:
Answer & explanation
Correct answer: option 4
Selling price of a scooter = 18,000
Loss = 10%
He wants a profit of = 15%
According to the question,
The selling price = 18,000 × \(\frac{115}{90}\) = ₹23, 000