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A table is sold at Rs. 1,800 at a loss of 10%. At what price should it be sold to earn a profit of 15%?
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- $ 2,070
- $ 1,890
- $ 2,000
- $ 2,300
Correct Option: D
Let C.P. of table = Rs. y .
According to question,
= 1800 | 100 |
⇒ y = | = Rs. 2000 | 90 |
For a profit of 15%,
S.P. = | = Rs. 2300 | 100 |
We can find required answer with the help of given formula :
S.P. = $ 1800 , Loss%= 10%
C.P. = S P | ||||||
100 - loss% |
C.P. = 1800 | ||||||
100 - 10 |
C.P. = | = Rs. 2000 | 90 |
Now New S.P. = C.P. | ||||||
100 |
New S.P. = 2000 | ||||||
100 |
New S.P. = 2000× | = Rs. 2300 | 100 |