Correct Answer - Option 1 : 2860
A handbag was bought by Rahul for Rs. 1650.
He sold t to Sushant at a profit% of 40%.
Sushant sold the bag for Rs. 2600 to Raghav.
Profit or Gain = Selling price – Cost Price
Loss = Cost Price – Selling Price
Profit percentage = (Profit/Cost Price) x 100
Loss percentage = (Loss/Cost price) x 100
Cost price of handbag for Rahul = Rs. 1650
Cost price of handbag for Sushant = Rs. (1650 × 140%) = Rs. 2310
Now, cost price of the bag for Raghav = Rs. 2600
To gain a profit of 10%, Raghav should sell the handbag at Rs. (2600 × 110/1000 = Rs. 2860
∴ Raghav should sell the bag at Rs. 2860.