Question

4. On selling an article for Rs.48, a shopkeeper loses 20%. In order to gain 20%. what would be the selling price?

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Answer 1

Sp = 48

L% = 20%

Cp = 100/(100 - L% )x sp

= (100 / 80 )x 48

Cp = 60

G% = (100+g%)/100x cp

(120/ 100 ) x 60

720/ 10. = 72

Answer 2

Selling an article for Rs 48 one entails a loss of 20%.

S. P. = Rs 48

% loss = 20%

Therefore, the cost price of the article = 48 × (100/80) = Rs 60

Selling Price of the article to make a gain of 20% = C P [ 1 + (Gain percentage/100)] = 60 × [ 1 + (20/100)] = 60 × 1.2 = Rs 72.