Question

If a dealer makes a profit of 20% by selling an article for rs.18 by how much should be increase his selling price in order to make a profit of 30%

Answer 1

Answer:

1.5

Step-by-step explanation:

sp=18

g%=20

cp=sp/(1+g%)=18/(1+20%)

=18/1.2=15

g=30%

new sp = cp(1+g%)

= 15(1+30%)=15/1.3

=19.5

sp should be increased by 19.5-18=1.5