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      Question

      A shopkeeper sold a jacket for Rs. 3000 at a loss of

      20%. At what price should he have sold the jacket, to earn a profit of 20%?
      A Rs.4500 Correct Answer Incorrect Answer
      B Rs.5000 Correct Answer Incorrect Answer
      C Rs.6250 Correct Answer Incorrect Answer
      D Rs.3750 Correct Answer Incorrect Answer

      Solution

      Let CP = Rs. x => SP = (100-20)% × x => 3000 = (80/100) × x => x = 3750 CP = Rs. 3750 Profit = 3750 × (20/100) = Rs.750 SP = CP + Profit SP = 3750 + 750 = Rs.4500

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