Question

There would be 10% loss if a toy is sold at Rs. 10.80 per piece. At what price should it be sold to earn a profit to 20% ?

• A. Rs. 12
• B. Rs. 12. 96
• C. Rs. 14.40
• D. None of these

Answer 1

The correct option is C Rs. 14.40

90 : 10.80 = 120 : x or $\frac{90}{10.80}=\frac{120}{x}\therefore x=\frac{120\times 10.80}{90}=14.40$
Hence, S.P. = Rs. 14.40