Ram sells a juicer for ₹1260, earning 20% profit. Due to a recession, he sells it at only 2/5 of the previous profit percentage. Find the new selling price.

₹1082
₹1102
₹1134
₹1230

Correct answer: ₹1134

Solution

A 20% profit on selling price ₹1260 means the cost price is ₹1050. The new profit percentage is 2/5 of 20%, i.e. 8%, so the new selling price is 1050 × 1.08 = ₹1134.

Related IBPS PO General Awareness questions

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