Profit and Loss Practice Test 8

Question : 15 of 40

Marks: +1, -0

An article costing Rs 15,000 is sold at a profit of 10%. If the price is further increased by 5%, then the selling price will be:

Solution:

CP = Rs 15,000
SP = 15,000 + 1,500 = Rs 16,500
New SP after 5% increase

= 16,500 + 5/100   ×16500=17325

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