Question
An article costs ₹2000. It is sold at 10% loss. By
what percent should the selling price be increased to make 20% profit on cost?Solution
ATQ, Old SP = 2000×0.9 = 1800 Required SP = 2000×1.2 = 2400 Increase% = (2400−1800)/1800 ×100 = 600/1800×100 = 33 1/3%
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