Question

A toy seller fixed the selling price of a toy at Rs 520 after adding 30% profit to the cost price. As the sell was very low at this price level. he decided to fix the selling price at 12% profit, then new selling price is:
1. Rs 436
2. Rs 432
3. Rs 452
4. Rs 448

Answer 1

Correct Answer - Option 4 : Rs 448

Given that:

Selling price is 30% more than C.P. = Rs 520

The new Selling price is 12%  more than C.P.

Calculations:

let the cost price of the toy is 100 unit.

then S.P. = 100 + 30

= 130 Unit → Rs 520

1 unit → Rs 4

new S.P. = 100 + 12 = 112 Unit

112 Unit → 4 × 112 = Rs 448

∴ new Selling price of the toy is Rs 448.