Question

An item was sold for Rs.840 and earned 20% Profit. If 5% profit has to earn only what should be SP? 625, 675, 735, 750
​

Answer 1

Answer: 735

Step-by-step explanation:

let the cost rice of article be x

Given,

x + 20x/100 =840

⇒ 120x/100 =840

⇒ x = 840*100/120 = 700

Now, if it is sold at a profit of 5%, money earned =

⇒ 700 * 5% +700

⇒ 700 * 105/100

⇒ 735