Given:
Selling Price (SP1) = ₹35000
Profit Percentage = 25%
Desired Profit Percentage = 30%
Formula Used:
Cost Price (CP) = Selling Price / (1 + Profit Percentage)
Desired Selling Price (SP2) = Cost Price × (1 + Desired Profit Percentage)
Solution:
Cost Price (CP) = 35000 / (1 + 0.25) = ₹28000
To earn a 30% profit, Desired Selling Price (SP2) = 28000 × (1 + 0.30) = ₹36400
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