Question

A man sold an article at 20% loss for Rs 48. At what price he should sell the article
getting a profit of 20% :
(a)Rs 70
(b)Rs72
(c) Rs74
(d)Rs 76​

Answer 1

Answer:

b) Rs. 72

Step-by-step explanation:

let the cost price of the article be x

loss is 20%

selling price of the article = 48

selling price = cost price - loss%

$48 = x - ( \frac{20}{100} \times x) \\ 48 = x - \frac{2x}{10} \\ 48 = \frac{10x - 2x}{10} \\ 8x = 48 \times 10 \\ x = \frac{48 \times 10}{8} \\ x = 6 \times 10 \\ x = 60$

the cost price of the article = Rs. 60

to have a profit of 20%

selling price = cost price + 20%

$= 60 + ( \frac{20}{100} \times 60) \\ = 60 + ( \frac{1200}{100} ) \\ = 60 + 12 \\ = 72$

he has to sell the article at Rs. 72 to get a profit of 20%

hope you get your answer