# On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ?

On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ?

A . Rs 1344

B . RS 1400

C . Rs 1200

D . RS 1500

**Answer : **A . Rs 1344

## Explanation:

Selling Price (S.P) = Rs 1050

Loss = 15%

Let Cost Price (C.P) = 100%

SP = CP – Loss% = 100% - 15% = 85%

85% = Rs 1020

Therefore Cost Price = 100% = 1020/85 x 100 = 1200

To get 12% gain => SP = CP + Profit %

= 100 % + 12 %

= 112 %

= 1200 / 100 x 112 = Rs 1344