Question

By selling an article for rupees 1600 a shopkeeper loses 20% for how much should he sell to gain 20%

Answer 1

➡HOPE THIS HELPS YOU⬇

●)

Shopkeeper sells the article for Rs 1600

He loses 20%

Means he sold Rs 100 article for Rs (100-20) = Rs 80

When Rs 1600 is the selling price in 20% loss, the price of the article

= Rs (1600×100)/80

= Rs 2000

●)

The price of the article = Rs 2000

20% gain means, if an article costs Rs 100, it will be sold in Rs (100+20) = Rs 120.

So, the Shopkeeper should sell the article for

= Rs (2000×120)/100

= Rs 2400 for 20% gain.

⬆HOPE THIS HELPS YOU⬅

Answer 2

Hey,sup!

As per the question,

Selling price=1600Rs.
Loss=20%.
Let the cost price be x.
=>x(1-20/100)=1600
=>80x/100=1600.
=>x=1600/80 × 100.
=> x= 20 × 100.
=>x= 2000Rs.
So,the cost price is 2000Rs.
To gain 20%.
Selling price= 2000(1+20/100).
= 2000 × 120/100.
= 2400Rs.

To gain 20% the article must be sold at 2400Rs.

Hope it helps.