A man sold a stove for Rs. 423 and incurred a loss of 6\% . At what price should it be sold so as to earn a profit of 8\% ? - Quantitative Aptitude MCQ Competitive Exams Practice Paper 2026 | ExamTest.live

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A man sold a stove for Rs. 423 and incurred a loss of 6% . At what price should it be sold so as to earn a profit of 8% ?

Solution & Step-by-step Explanation

Given: Initial Selling Price (SP_{1}) = Rs. 423 Loss = 6% First, find the Cost Price (CP): CP = \frac{SP _{1}}{1 - \frac{Loss Percentage}{100}} CP = \frac{423}{1 - \frac{6}{100}} = \frac{423}{0.94} = 450 To earn a profit of 8%, the new Selling Price (SP_{2}) should be: SP_{2} = CP \times (1 + \frac{Profit Percentage}{100}) SP_{2} = 450 \times (1 + \frac{8}{100}) = 450 \times 1.08 = 486 Thus, the stove should be sold for Rs. 486 .

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A man sold a stove for Rs. 423 and incurred a loss of 6% . At what price should it be sold so as to earn a profit of 8% ?

Rs.480

Rs.490

Rs.460

Rs.486

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