A dealer gains 16% by selling a mop for rs.78300.but due to competition in the market, he decides to make a profit of only 10%.

Question

3 years ago

9

what is it's new selling price?

1 answer:

vesna_86 [32] · Answer 1 · 2022-06-08T07:24:02+03:00

Answer:

The correct answer is - 72,349.2

Step-by-step explanation:

Given:

selling price = 7234.92

Initial profit = 16%

we know:

selling price = cost price + profit

Solution:

78300 = cp + 16*cp/100

profit = 78300*16/100 = 12528

cost price = 78300 - 12528 = 65772

then the profit on 10%

= 65772*10/100

= 6577.2

the new selling price = 65772+6577.2

= 72,349.2