Formula used:
S.P. = (100 + P%) × C.P.
Where, S.P. = Selling price
P% = Profit percentage
C.P. = Cost price
Calculation:
This question we will solve by options
On considering option (1), we have
⇒ Cost price of refrigerators = Rs. 48000
⇒ Cost price after 10% increase = 48000 × 100110 = Rs. 52,800
⇒ Also, profit% = 22%
⇒ So, S.P. = (100 + P%) × C.P.
⇒ S.P. = 100122 × 52800 = Rs. 64,416
On considering option (2), we have
⇒ Cost price of music systems = Rs. 65000
⇒ Cost price after 10% increase = 65000 × 100110 = Rs. 71,500
⇒ Profit% = 18%
⇒ S.P. = (100 + 18%) × 71500
⇒ 100118 × 71500 = Rs. 84,370
On considering option (3), we have
⇒ Cost price of air conditioners = Rs. 39000
⇒ Cost price after 10% increase = 39000 × 100110 = Rs. 42,900
⇒ Profit% = 17%
⇒ S.P. = 100117 × 42900 = Rs. 50,193
On considering option (4), we have
⇒ Cost price of televisions = Rs. 59000
⇒ Cost price after 10% increase = 59000 × 100110 = Rs. 64,900
⇒ Profit% = 23%
⇒ S.P. = 100123 × 64,900 = Rs. 79,827
It is clear that the music system has a maximum increase in sales price
⇒ Hence, Option 2 is correct.