Question

By selling a table for Rs 777, a shopkeeper gain 11% for how much should he sell it to gain 15%?
1. Rs.700
2. Rs.706
3. Rs 805
4. Rs 1000

Answer 1

Correct Answer - Option 3 : Rs 805
Given

Selling price = Rs.777

Gain = 11%

Calculation

Let the cost price of a table is Rs.x

777 = x + 11% of x

⇒ 777 = 111x/100

⇒ x = (777 × 100)/111

⇒ x = 700

Selling price = 700 + 15% of 700

⇒ 700 + 105

⇒ 805

∴ Selling price is Rs.805