Question

Abhi bought a bike for Rs. 13200 and sells it at a loss of 18%. The selling price of the bike is equal to the cost price of his mobile. At what price should he sell his mobile to incur a profit of 50% on it?

1. Rs. 12450
2. Rs. 15640
3. Rs. 15226
4. Rs. 16236

Answer 1

Correct Answer - Option 4 : Rs. 16236

Given:

Abhi bought a bike for Rs. 13200 and sells it at a loss of 18%.

The selling price of the bike is equal to the cost price of his mobile.

Formula used:

Profit or Gain = Selling price – Cost Price

Loss = Cost Price – Selling Price

Profit percentage = (Profit /Cost Price) × 100

Loss percentage = (Loss/Cost price) × 100

Calculation:

CP = Rs. 13200

SP = Rs. (0.82 × 13200)

⇒ Rs. 10824

Cp of mobile = Rs. 10824

Profit = 50%

SP of mobile = Rs. (1.5 × 10824)

⇒ Rs. 16236

∴ SP of mobile is Rs. 16236