The percentage profit earned by selling a mobile for ₹12,000 is equal to the percentage loss incurred by selling the same mobile for ₹9,000. At what price should the mobile be sold to make 20% profit.
Answer & explanation
Correct answer: option 3
First selling price = 12000
Second selling price = 9000
The cost price = \(\frac{First\; selling \; price + Second \; selling \; price}{2}\) = \(\frac{12000+ 9000}{2}\) = 10500
Profit% = 20%
Then the new selling price = 120% of 10500 = ₹12,600