Question

Ramesh sells a mobile phone for 18,000 and thereby makes a profit of $20\%$. If he wishes to make a profit of $25\%$, by what percentage he must increase the current selling price of the mobile phone?

• A. $4\%$
• B. $4.17\%$
• C. $5\%$
• D. $5.17\%$

Answer 1

Answer: (B)

$4.17\%$

Answer 2

The correct answer is (B): $4.17\%$