By selling an article for ₹19.5
By selling an article for ₹19.5, a dealer makes a profit of 10%. By how much should he increase his selling price (in ₹, rounded off to two decimal place) so as to make a profit of 50%?
₹19.5 में एक वस्तु को बेचकर, एक विक्रेता 10% का लाभ अर्जित करता है। उसे अपना विक्रय मूल्य(₹ में दो दशमलव स्थान तक सन्निकटित) कितना बढ़ाना चाहिए, ताकि 50% का लाभ अर्जित कर सके?
Detailed Solution & Logic
Correct Answer:
7.09
Selling price (SP₁) = ₹19.5
Profit = 10%
So,
Cost Price (CP) = $ \frac{19.5}{1.10} = ₹17.7273 $
For 50% profit, new selling price:
$ SP_2 = 1.5 \times CP = 1.5 \times 17.7273 = ₹26.59 $
Increase in selling price:
$ = 26.59 - 19.5 = ₹7.09 $
Answer = ₹7.09
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