Question

By selling an article for Rs. 75, a man loses 4%. For what amount should he sell to gain 20% ?
(A) Rs. 93.75
(B) Rs. 72.50
(C) Rs. 80.25
(D) None of the above

Answer 1

Answer:

1200

Explanation:

Given,S.P. =₹75,loss = 4%

If S.P. is ₹75,then C.P.=₹100

If S.P. is ₹75,then C.P. =₹100/75×75 =100

To earn 20% gain, if C.P. is ₹100, S.P.= ₹ 120

If C.P. is ₹ 100,S.P.= ₹ 120/100×100=₹120

Hence,the man should have sold the article for ₹120

Answer 2

Explanation:

S.P =₹75,loss=4%

S.P.is ₹75,then C.P=₹100

To earn 20% profit ,ismf C.P. is ₹100,S.P.=₹120

If C.P. is ₹100,S.P.=₹120÷100×100=₹120

Hence, the man should have sold the article for ₹120