Correct option is C
Given:
Selling price at a 35% loss, SP = 2860
Required profit = 20%
Concept Used:
The cost price (CP) can be calculated from the selling price and the loss percentage.
Once the cost price is known, we can calculate the new selling price needed to achieve the desired profit percentage.
Formula used:
Selling Price (SP)=Cost price (CP)×(1−100Loss percentage) solution: 2860=CP×(1−10035) CP=652860×100 CP=4400New Selling price=CP×(1+100Profit) =4400×100120 4400×1.20 =5280
Thus correct option is (c).
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