Question

Anand sells an article at a profit of 15%, Had he sold it for 60 less, He would have had a loss of 15% At what price should he sell the article to get profit of 30%​

Answer 1

Answer: Rs.260

Step-by-step explanation:

profit = 15%

Profit always implies, it was sold at a price more than cost price.

so 15% literally means 115% of C.P

Now, had he sold it at 60 less, loss would be 15%

115% C.P - 85% C.P = 60

30% C.P = 60

30/100 * C.P = 60

C.P = 60*100/30 = 200 Rs.

To gain 30%,

S.P = C.P (100+P)/100 = 200*130/100 = 260 Rs.