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Kavita sold a mobile phone at the price of Rs.1950 and made a loss of 25%. At what price will she have to sell it to get a profit of 30% ?1. Rs.26002. Rs.27803. Rs.30004. Rs.3380 |
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Answer» Correct Answer - Option 4 : Rs.3380 Given: SP of mobile phone = Rs. 1950 Loss = 25% Formula used: CP = (100 × SP)/(100 – L%) SP = [CP × (100 + P%)]/100 Here, SP, CP, P and L are selling price, cost price, profit and loss respectively Calculation: CP = (100 × SP)/(100 – L%) ⇒ (100 × 1950)/(100 – 25) ⇒ 2600 Now, SP = [CP × (100 + P%)]/100 ⇒ [2600 × (100 + 30)]/100 = 3380 ∴ The required selling price of the mobile phone is Rs 3380 |
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