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Meera purchased 23 bracelets at the rate...

Meera purchased 23 bracelets at the rate of ₹ 160 per bracelet. At what rate per bracelet should she sell the bracelets so that profit earned is I 5%?

A

₹184/-

B

₹186/-

C

₹192/-

D

₹198/-

Text Solution

Verified by Experts

The correct Answer is:
A

Cost of 23 brachelet purchased at rateof ₹160/ bracelet `= ₹ 23 xx 160 = ₹ 3680`
If the profit earned is 15%, then
Profit amount `= (3680 xx 15)/(100) = ₹ 552`
Total amount Meera have after selling 23 bracelets `= 3680 + 552 = 4232`
S.P of one bracelet `= (4232)/(23) = ₹184`.
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