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An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be $ 5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20 %?
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- $ 115
- $ 120
- $ 138
- $ 215
Correct Option: C
C.P. of article = $ y
| ∴ S.P. = | 100 |
| New C.P. = | 10 |
| S.P. = | × | = | 10 | 100 | 100 |
| ∴ | - | = 5.75 | 100 | 100 |
| ⇒ | = 5.75 | 100 |
| ⇒ y = | = $ 115 | 5 |
| ∴ Required S.P. = | = $ 138 | 100 |
