Question 75

By selling an article for $$₹ 600$$, a shopkeeper makes a profit of 20%. At what price should he sell the article to incur a loss of 20% ?

Solution

Let the cost price = C.P

Given,

Profit% = 20%

Selling price = $$₹ 600$$

$$=$$> $$\frac{120}{100}\text{C.P}=600$$

$$=$$> $$\text{C.P}=500$$

$$\therefore\ $$Selling price when loss is 20% = $$\frac{80}{100}\text{C.P}=\frac{80}{100}\times500=₹ 400$$

Hence, the correct answer is Option B

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