Mani bough a printer and sold it to Raj for Rs 2160 thereby making a profit of 20 At what price Mani...........

Quantitative Aptitude ( CCS) Profit and loss

Mani bough a printer and sold it to Raj for Rs.2160 thereby making a profit of 20%. At what price Mani must sell the printer to earn a profit of 40%?

Rs.2780

Rs.2665

Rs.2000

Rs.2520

Correct option 4: Rs. 2520

Step 1: Find the cost price (C.P.) of the printer

Mani sold the printer to Raj for Rs. 2160 at a 20% profit.

Selling Price (S.P.)=Cost Price (C.P.)×(1+Profit% /100)

2160=C.P.×1.22
C.P. = 2160/1.2 = 1800

So, the Cost Price is Rs. 1800.

Step 2: Calculate Selling Price for 40% profit

S.P.=C.P.×(1+40/100)S.P.

S.P. = 1800x1.4 = 2520

Mani must sell the printer for Rs. 2520 to earn a 40% profit.

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