1.

Mr. Akshar sold a bus for Rs. 20,400 with a loss of 15%. At what price should the bus be sold to get a profit of 15%?1). Rs. 27,4002). Rs. 27,3003). Rs. 27,5004). Rs. 27,600

Answer»

Let the cost PRICE of the bus be RS. X.

Selling price (S.P.) of the bus = x – (15% of x) = 0.85x(? S.P. = C.P. – LOSS)

⇒ 20400 = 0.85x

⇒ x = 20400/0.85 = Rs. 24,000

If profit = 15%:

S.P. of the bus = 24000 + (15% of 24000)(? S.P. = C.P. + Profit)

⇒ S.P. of the bus = 24000 + ((15/100) × 24000) = 24000 + 3600 = Rs. 27,600

∴ S.P. of the bus to get a profit of 15% = Rs. 27,600


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