Question
Download Solution PDFBy selling an article for ₹ 480, a man incurs a loss of 10% At what price should he sell it, so that it makes a profit of 20% ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling price (SP) = ₹480
Loss = 10%
Profit = 20%
Formula used:
Cost Price (CP) =
Selling Price for profit =
Calculations:
CP =
⇒ CP =
⇒ CP = ₹533.33
Selling Price for profit =
⇒ Selling Price for profit =
⇒ Selling Price for profit = ₹640
∴ The correct answer is option (4).
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