Question

By selling an article for rupees 700 , the loss is 20%. To make profit of 20% , for how much should the article be sold?

Answer 1

We know

20/100×700

20×7

140

so he made loss of 140

so

700+140=840(to nullify the profit and loss)

840×20/100

8.4×20

168

so

840+168=908

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Answer 2

Answer:

Rs 1050

Step-by-step explanation:

Let say cost Price = Rs C

Loss is 20 %

20 % Loss = (20/100) * C = 0.2C

Selling Price = Cost Price - Loss

700 = C  - 0.2C

=> 700 = 0.8C

=> C = 700/0.8

=> C = 875

Cost Price = Rs 875

Profit of 20%  = (20/100) * 875 = Rs 175

Selling Price = Cost Price + Profit

= 875 + 175

= Rs 1050

article should be sold = Rs 1050