the selling price of 18 books - Wikitechy https://www.wikitechy.com/interview-questions/tag/the-selling-price-of-18-books/ Interview Questions Tue, 07 Sep 2021 10:31:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png the selling price of 18 books - Wikitechy https://www.wikitechy.com/interview-questions/tag/the-selling-price-of-18-books/ 32 32 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 ? https://www.wikitechy.com/interview-questions/profit-and-loss/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/ https://www.wikitechy.com/interview-questions/profit-and-loss/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/#respond Tue, 17 Aug 2021 05:35:44 +0000 https://www.wikitechy.com/interview-questions/?p=1654

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

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