Suresh sells a pen at ₹ 120 for
3
100
% profit. At what price should he sell it to gain 40%?
- A₹ 160
- B₹ 120
- C₹ 140
- D₹ 126
Solution & Step-by-step Explanation
Profit percentage =
3
100
%=33.33%=
3
1
in fraction form.
This means if the Cost Price (CP) is 3 units, the profit is 1 unit, making the Selling Price (SP) 4 units.
Given that SP=₹ 120:
4 units=120
1 unit=30
CP=3×30=₹ 90
To gain 40%, the new selling price should be:
New SP=140% of CP=
100
140
×90=14×9=₹ 126
3
100
%=33.33%=
3
1
in fraction form.
This means if the Cost Price (CP) is 3 units, the profit is 1 unit, making the Selling Price (SP) 4 units.
Given that SP=₹ 120:
4 units=120
1 unit=30
CP=3×30=₹ 90
To gain 40%, the new selling price should be:
New SP=140% of CP=
100
140
×90=14×9=₹ 126