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



Related Searches to 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 ?