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    Question

    When a seller sells his article for Rs. 32,060/- , he

    incurs 30% loss on the transaction. At what price should he sell the article to earn 10% profit on the transaction?
    A Rs 47,350 Correct Answer Incorrect Answer
    B Rs 39,420 Correct Answer Incorrect Answer
    C Rs 58,470 Correct Answer Incorrect Answer
    D Rs 50,380 Correct Answer Incorrect Answer

    Solution

    S.P of an article = Rs 32,060 & Loss = 30 % ∴ 70% of C.P = 32,060 ⇒ C.P = 32060`xx100/70` =Rs. 45,800 Now, Profit should be 10 %. ∴ S.P = 110 % of 45,800 = Rs. 50,380 S.P = C.P + profit = 45,800+ 4,580 = Rs 50,380

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