Question

Amit sells a bus at a loss of 15% for Rs. 23,800. At what price should he sell the bus to get 15% profit?

A. 32,100

B. 33,300

C. 32,300

D. 32,200

1. D
2. B
3. A
4. C

Answer 1

Correct Answer - Option 1 : D

Given:

Amit sells the bus at a loss of 15% for Rs. 23,800. He needs to get a profit of 15%

Concept Used:

Selling price = Cost price - loss

Calculation:

Let the cost price of the bus be x

Loss = 15x/100

The selling of the bus is (x - 15x/100)

⇒ 85x/100

⇒ 17x/20

Accordingly,

17x/20 = 23800

⇒ x = (23800 × 20)/17

⇒ x = 28000

The cost price of the bus is Rs. 28000

He wants to get 15% profit.

Profit should be (15/100) × 28000

⇒ 4200

The selling price of the bus should be (28000 + 4200)

⇒ 32200

∴ At Rs. 32200 he should sell the bus to get 15% profit.