Setting a selling rate for a target margin: Meera purchases 23 bracelets at ₹ 160 each. At what selling price per bracelet should she sell to earn a 15% profit?

Introduction / Context:This is a direct markup question. The per-unit selling price for a target profit% is obtained by multiplying the unit cost by (1 + profit%). Total quantity does not affect the unit rate when the margin is uniform.

Given Data / Assumptions:

• Quantity = 23 bracelets (irrelevant to unit rate since uniform).
• CP per bracelet = ₹ 160.
• Target profit = 15%.

Concept / Approach:SP per unit = CP per unit * (1 + 0.15).

Step-by-Step Solution:SP per bracelet = 160 * 1.15 = ₹ 184

Verification / Alternative check:Margin per bracelet = ₹ 24, which is 15% of ₹ 160. Multiplying by 23 would give the total profit, consistent with the per-unit approach.

Why Other Options Are Wrong:

• ₹ 186 / ₹ 192 / ₹ 198: correspond to 16.25%, 20%, and 23.75% respectively, not the target 15%.

Common Pitfalls:

• Mistakenly adjusting for the quantity when the margin is per-unit fixed.

Final Answer:₹ 184