By selling an article for ₹20,
By selling an article for ₹20, a dealer makes a profit of 10%. By how much should he increase his selling price (in ₹, rounded off to two decimal place) so as to make a profit of 20%?
₹20 में एक वस्तु को बेचकर, एक विक्रेता 10% का लाभ अर्जित करता है। उसे अपना विक्रय मूल्य (₹ में, दो दशमलव स्थान तक सन्निकटित) कितना बढ़ाना चाहिए, ताकि 20% का लाभ अर्जित कर सके?
Detailed Solution & Logic
1.82
Simple Solution:
Selling price (SP₁) = ₹20
Profit = 10%
So,
$ \text{Cost Price (CP)} = \frac{20}{1.10} = ₹18.18 $
For 20% profit, new selling price:
$ SP_2 = 1.2 \times 18.18 = ₹21.82 $
Increase in selling price:
= 21.82 - 20 = ₹1.82
Answer = ₹1.82
Similar Practice Questions
By selling an article for ₹19.5
By selling an article for ₹19.5, a dealer makes a profit of 10%. By how...
Vinod, Kajal, and Arpit invest ₹1,040, ₹1,390, and ₹1,890,
Vinod, Kajal, and Arpit invest ₹1,040, ₹1,390, and ₹1,890, respectively to start a business. If...
Aakash, Suman, and Raj invest ₹1,720, ₹1,690, and ₹1,240, respectively to start abusiness. If the profit at the end of the year is ₹1,440, then what is the share of Raj in the profit?
Aakash, Suman, and Raj invest ₹1,720, ₹1,690, and ₹1,240, respectively to start abusiness. If the...
The cost price of 5 kg of millet and 10 kg of wheat were ₹50 and ₹60 per kg, respectively. On selling, the seller profits 10% on millet and 20% on wheat. What was the total sale price?
The cost price of 5 kg of millet and 10 kg of wheat were ₹50...
In what ratio should sugar costing ₹52 per kg be mixed with sugar costing ₹73 per kg so that the mixture can be sold at ₹87.10 per kg with a profit of 30%?
In what ratio should sugar costing ₹52 per kg be mixed with sugar costing ₹73...
A dishonest shopkeeper promises
A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a...
400 apples were bought at ₹1220 per hundred and were sold at a profit of ₹920. Find the selling price (in ₹) per dozen of apples.
400 apples were bought at ₹1220 per hundred and were sold at a profit of...