Meera purchased 23 bracelets at the rate of ₹ 160

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Meera purchased 23 bracelets at the rate of ₹ 160 per bracelet. At what rate per bracelet should she sell the bracelets so that profit earned is 15% ?

1. ₹ 184
2. ₹ 186
3. ₹ 192
4. ₹ 198
5. None of the above

Correct Option: A

Cost price of one bracelet = ₹ 160
Profit earned = 15%
∴ Selling price of one bracelet
= Cost Price + Profit earned
= 160 + (160 x 15)/100
= 160 + (16 x 15)/10 = 160 + 240/10
= 160 + 24 = 184 = ₹ 184

Hence, Meera should sale her bracelet ₹ 184 per piece.