By selling a bag at Rs. 230, profit of 15% is made. The

Home » Aptitude » Profit and Loss » Question

By selling a bag at Rs. 230, profit of 15% is made. The selling price of the bag, when it is sold at 20% profit would be

Let the C.P. of bag be Rs. y.
Selling price of bag = Rs. 230 and profit = 15%
According to the question,

y ×	115	= 230
	100

⇒ y =	230 × 100	= Rs. 200
	115

For profit of 20%,

S.P. of bag = Rs.		200 × 120			= Rs. 240
		100