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

Categorized in:

Profit and Loss

Tagged in:

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Share Article:

Leave a Reply

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
100% Free SEO Tools - Tool Kits PRO