Multiple choice

A shopkeeper purchased a mobile for Rs.1200 and spent Rs.240 for its repair. At what price he should sell the mobile so that his percentage repairing cost incurred for mobile is equal to the profit percentage earned on the mobile?

  1. 1712

  2. 1628

  3. 1728

  4. 1672

  5. 1781

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

CP = 1200 + 240 = 1440. Repair cost percentage = (240 / 1200) * 100 = 20%. Profit percentage = 20%. SP = CP * 1.2 = 1440 * 1.2 = 1728.