Question 75

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%?

Solution

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

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: