By selling an article for ₹19

By selling an article for ₹19, a dealer makes a profit of 20%. By how much should he increase his selling price (in ₹, rounded off to two decimal place) so as to make a profit of 40%?
₹19 में एक वस्तु को बेचकर, एक विक्रेता 20% का लाभ अर्जित करता है। उसे अपना विक्रय मूल्य (₹ में, दो दशमलव स्थान तक सन्निकटित) कितना बढ़ाना चाहिए, ताकि 40% का लाभ अर्जित कर सके?

3.17 5.17 4.17 6.17

Detailed Solution & Logic

Correct Answer:

3.17

Selling price (SP₁) = ₹19
Profit = 20%
So,
Cost Price (CP) = $ \frac{19}{1.20} = ₹15.83 $
For 40% profit, new selling price:
$ SP_2 = 1.4 \times 15.83 = ₹22.17 $
Increase in selling price:
$ = 22.17 - 19 = ₹3.17 $
Answer ₹3.17

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