Question

A dealer sold a radio at a profit of 22%. Had he sold it for INR 200 less, he would have gained a profit of 17%. Find the original selling price of radio. 
1. INR 4840
2. INR 4480
3. INR 4800
4. INR 4880

Answer 1

Correct Answer - Option 4 : INR 4880

Given:

A dealer sold a radio at a profit of 22%. Had he sold it for INR 200 less, he would have gained a profit of 17%

Calculation:

Earlier profit of 22%, now profit of 17% if sold for INR 200 less.

Thus, 22% - 17% = INR 200

⇒ 5% = INR 200

⇒ 1% = INR 40

CP = 100% = INR 4000

Thus, original selling price of radio = 4000 × 122/100 = INR 4880

∴ Original selling price of radio is INR 4880