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      Question

      A person, "A," sells an item for

      Rs. 380.8 and incurs a 15% loss. At what price should "A" sell the item to achieve a 5% profit?
      A Rs. 470.4 Correct Answer Incorrect Answer
      B Rs. 450.4 Correct Answer Incorrect Answer
      C Rs. 370.4 Correct Answer Incorrect Answer
      D Rs. 400.25 Correct Answer Incorrect Answer

      Solution

      Let the CP of the item be Rs. 'a' ATQ, 0.85a = 380.8 Or, a = 380.8/0.85 = 448 Therefore, required SP = 1.05 Γ— 448 = Rs. 470.4

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