Question

By selling an article for rupees 480 a person lost 20%. For what amount should he sell to it to gain 20%?​

Answer 1

When he sells it for 480 he had lost 20%. So 80% of the actual price is 480. Hence the actual price of the article is (480×100÷80) = 600. To make a profit of 20% we have to calculate 120×600÷100=720.

Answer 2

the actual amount of the price is 600 rupees