Question 57

By selling an article for ₹ 320, a man incurs a loss of 20%. What should be the selling price of an article to gain 20%?

Solution

Let the cost price be Rs.x .

A/c to question , a man incurs a loss of 20% after selling at Rs.320 ,

$$\frac{80}{100} \times x = 320$$ => x= 400

Cost price = Rs. 400

To gain 25% , selling price should be

$$\frac{120}{100} \times 400 = 480$$

So , the answer would be option b)480.

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