Question

Ram sold a motorcycle for Rs. 70000 at 25% profit. For what price should he sell a motorcycle to gain 30% profit?
1. Rs. 72,900
2. Rs. 72,600
3. Rs. 72,800
4. Rs. 72,700

Answer 1

Correct Answer - Option 3 : Rs. 72,800

Given:

SP of the motorcycle = Rs. 70000

Profit % = 25%

Formula:

SP = CP × (100 + Profit%)/100

Calculation:

CP of the motorcycle = 70000 × (100/125)

New SP of the motor cycle to gain 30% = 70000 × (100/125) × (130/100)

= Rs. 72,800