Advertisements
Advertisements
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
shaalaa.com
Profit and Loss (Entrance Exam)
Is there an error in this question or solution?