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Question

An article is sold for Rs. 480 at 20% loss. If this article was sold at 12.5% profit, what would have been its selling price?

A Rs. 450 Correct Answer Incorrect Answer
B Rs. 540 Correct Answer Incorrect Answer
C Rs. 600 Correct Answer Incorrect Answer
D Rs. 675 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Given, SP = Rs. 480, Loss% = 20% Then, => CP = SP/(1 – (loss%100)) => CP = 480/(1 – 20/100) = 480/0.8 => CP = Rs. 600 Hence, The required selling price = CP × (1 + (profit%/100)) = 600 × (1 + 12.5/100) = Rs.675

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