Question

Mr. Gurung sold a bicycle for Rs 18,816 and made a profit of 12%. if he wants

to increase his profit by 3%, at what price should be sell the bicycle

please help me:(​

Answer 1

Rs. 23520

Explanation:

Given that :

At 12% profit ; sales price = 18,816

At (12 + 3)% profit ; sales price = x

Hence,

0.12 = 18,816

0.15 = x

Cross multiply ;

0.12x = 0.15 * 18816

0.12x = 2822.4

x = 2822.4 / 0.12

x = 23520

Hence, sales price for a 3% increaa in profit should be Rs. 23520