Question

sherin sold a car for rs. 320000 and obtained a profit of 8 percent. If she had wanted a profit of 12 percent,for what price should she sell it

Answer 1

Answer:

Rs 331851.851

Step-by-step explanation:

Let say cost price = x

Selling price = 320000

Profit = 8 %

Profit = (8/100) x = 0.08x

Selling Price = cost price + profit

320000 = x + 0.08x

x = 320000/1.08

x = 296296.296

Profit = 12%

Profit = (12/100)*(320000/1.08) = 35555.555

New selling Price = 296296.296 + 35555.555 = 331851.851