Ritu sold a camera for Rs.24000, earning a profit of 20%. If she wanted to earn a profit of 25%, at what price should she have sold the camera?
Given:
Selling price with 20% profit = 324000
Desired profit = 25%
Formula Used:
Solution:
CP = 24000 / 1.2 = 200000
Selling Price = 20000 1.25 = 25000
Thus, to earn a profit of 25%, Ritu should have sold the camera for Rs. 25000
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