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A person sold a stove for Rs. 470 and incurred a loss of 6%. The price would it be sold so as to earn a profit of 8% _____?
  1. Rs. 525
  2. Rs. 500
  3. Rs. 540
  4. Rs. 490
Explanation
Selling price = Rs. 470
Loss = 6%
Cost price = 470 / (1 - 0.06) = 470 / 0.94 = 500
Profit = 8%
New selling price = 500 × (1 + 0.08) = 500 × 1.08 = 540

Last verified on 10-03-2026

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