given that Euro 1 is equal to rupees 114. 60 in article is sold at Euro 120 and 35% profit is made it what rupees should it be sold to get 40% profit
Answers
Given : An article is sold at euro 120 and 35% profit is made .
Euro 1 is equal to Rs 114.60 .
To Find : At what rupees should it be sold to get 40% profit
Solution:
sold at euro 120 and 35% profit is made .
Let say cost price = 100x Euro
Then SP at 35 % profit = 100x + (35/100)100x = 135x euro
SP at 40 % profit = 100x + (40/100)100x = 140x euro
135x = 120
=> 1 = 120/135x
=> 140x = 140x * 120 /135x
=> 140x = 1120/9 Euro
Euro 1 is equal to Rs 114.60 .
Hence Sold in Rs = 114.60 * 1120/9
= 42,784/3 rs
= 14,261.33 Rs
It should be sold at 42,784/3 Rs or 14,261.33 Rs
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