Amobile is sold for of 9100 at a profit of 4%. for what price should it be sold to earn profit of 8%.
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Answer:
₹9450
Step-by-step explanation:
Selling Price (SP) = ₹9100
Profit = 4%
=> (100+4)% of CP = SP
=> 104% of CP = ₹9100
=> 104/100 × CP = ₹9100
=> CP = ₹9100 × 25/26
=> CP = ₹8750
Profit = 8% = 8/100 × ₹8750 = ₹700
New SP = ₹8750 + ₹700 = ₹9450
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₹9450 is the right answer
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