Question

    On selling an article for Rs 264 a man loses 4%. In

    order to gain 12%, find the selling price of the article.
    A Rs 300 Correct Answer Incorrect Answer
    B Rs 310 Correct Answer Incorrect Answer
    C Rs 295 Correct Answer Incorrect Answer
    D Rs 308 Correct Answer Incorrect Answer

    Solution

    Selling Price (SP) = Rs 264, Loss = 4%

    When there is a loss of 4%, it means: SP = 96% of CP

    So, 264 = 96/100 × CP

    CP = (264/96) × 100 ​= 275

    Now we want a 12% gain, so: New SP = CP + 12% of CP

    = 275 + (12/100) × 275 = 275 + 33 = 308

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