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Abhi bought a bike for ₹13,200 and sold it at a loss of 18%. The selling price of the bike is equal to the cost price of his mobile. At what price should he sell his mobile to incur a profit of 50% on it?
- ₹12,450
- ₹15,640
- ₹15,226
- ₹16,236
Correct answer: ₹16,236
Solution
Bike selling price = ₹13,200 × 82% = ₹10,824. This is the cost price of the mobile. For a 50% profit, mobile selling price = ₹10,824 × 1.5 = ₹16,236.
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