Question

1 Matthew sells an article for $120 at a loss of 20%. At what price should he sell it to gain 15%?
5​

Answer 1

Answer:

₹172.50

Step-by-step explanation:

Selling Price (SP) = ₹120

Loss = 20%

=> (100-20)% of CP = SP

=> 80% of CP = 120

=> 80/100 × CP = 120

=> CP = 120 × 5/4

=> CP = ₹150

Gain = 15% = 15/100 × 150 = ₹22.50

New selling price = ₹150 + ₹22.50 = ₹172.50

Answer 2

₹172.50 is the right answer

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