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Rani bought a piece of cloth for ₹ 950 and spent ₹ 300 on designing it. At what price should she sell it to make 30% profit? -

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Question

Rani bought a piece of cloth for ₹ 950 and spent ₹ 300 on designing it. At what price should she sell it to make 30% profit?

Options

  • ₹ 1,650

  • ₹ 1,550

  • ₹ 1,525

  • ₹ 1,625

MCQ

Solution

₹ 1,625

Explanation:

Actual cost price of cloth = ₹ (950 + 300) = ₹ 1250

To gain 30%,

S.P. = `₹ (130/100 xx 1250)` = ₹ 1625 

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Profit and Loss (Entrance Exam)
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