Question

Salim makes a profit of 15% by selling a cycle at RS 4140. At what price should he sell it to make a profit of 18% ?​

Answer 1

The correct answer is ₹ 4248 .

This is the only answer .

Answer 2

The price for 18% profit should be Rs. 4248.

Given - Old profit and selling price

Find - New selling price

Solution - Firstly finding the cost price of cycle.

$CP = ( \frac{100}{100 + \: P\%}) \times SP$

$CP = ( \frac{100}{100 + 15} ) \times 4140$

$CP = \frac{100}{115} \times 4140$

$CP = 3600$

Now, finding SP to get 18% Profit.

$SP = \frac{100 +P\%}{100} \times CP$

$SP = \frac{(100 + 18)}{100} \times 3600$

$SP = \frac{118}{100} \times 3600$

$SP = 4248$

Hence, cycle should be sold at Rs. 4248 to get profit of 18%.

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