Question

A man loses 20% by selling an article for ₹96. For what amount should he have sold the article to gain 15% ?

A ₹120

B ₹115​

Answer 1

Answer:

Step-by-step explanation:

Let's assume that the article was bought at Rs100, hence the cost price (CP) of the article is= Rs 100.

Now the article is sold at 4% loss, so the selling price = 100- (4%of 100).

Selling price(SP) = Rs 96.

So according to the unitary method:

When SP is Rs 96 CP is Rs 100.

When SP is Re 1 CP is Rs 100/96.

When SP is Rs 165 CP is (100/96)*165.

Now we want to sell the article at 28% profit.

Hence the selling price would be 28% more than the cost price.

SP =(100/96)*165+ 28% of (100/96)*165

= Rs 220.