Kishore had a loss of 20% on selling an article for ₹7,160. At what price should he have sold the item to make a profit of 30%?
Given,
Selling price of the article = ₹7,160
Loss% = 20%
Let the cost price of the article = C
$$=$$> $$\frac{80}{100}\text{C}=7160$$
$$=$$> C = ₹8950
Selling price of the article when profit is 30% = $$\frac{130}{100}\times8950$$ = ₹11,635
Hence, the correct answer is Option A
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