Rakesh sold a car for ₹5,00,000 at a 28% profit. At what price should he sell it to get a 32% profit?
Answer & explanation
Correct answer: option 4
Selling price of the car = 5,00,000
Profit = 28%
So according to the question,
128% of the CP = 5,00,000
then , 100% of the CP = 390625
and wanted profit = 32%
So, 132% of the profit = ₹5,15,625