Multiple choice

An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be Rs. 5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20%?

  1. 115

  2. 138

  3. 145

  4. 152
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = x. Original SP = 1.12x (12% profit). New CP = 0.9x, new SP = 1.12x + 5.75. New profit = 30%, so (0.22x + 5.75)/0.9x = 0.30. Solving gives x = 115. For 20% profit on CP 115, SP = 1.20 × 115 = 138. Option B is correct.

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