Chris bought a pen for ₹ 120. For how much should he sell it in order to make a profit of 25%?
₹ 144
₹ 150
₹ 155
₹ 145
CP = ₹ 120
Profit % = 25%
∴ Profit = 25100×120 = ₹ 30
∴ Selling Price (SP) = CP + Profit = ₹ 120 + ₹ 30 = ₹ 150
Ramesh bought a dozen of eggs for 24 rupees from a farmer, how much should he sell each egg for to make a profit of 50%?