ABC26GN2562 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2006 · Marks: · Difficulty:

A television manufacturer earns 20% profit by selling each T.V. set for ` 14400. If the production cost is increased by 15%, what should be the new selling price of a set so as to gain 15%?

Answer

Answer (as printed):

Explanation

S.P. = ₹14400, Profit = 20%. C.P. = $\frac{100}{120} \times 14400 = ₹12000$. New C.P. = $\frac{115}{100} \times 12000 = ₹13800$; Gain = 15%. Required S.P. = $\frac{115}{100} \times 13800 = ₹15870$.

Explanation as extracted from the printed page; notation may be imperfect.

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