On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ? Rs 1344 B Rs 1400 C Rs 1200 Rs 1500
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selling price of the article (S.P.) = 1020
at a loss of 15℅ means he got only 100-15 = 85% of cost prize (C.P.).
so we can say
85% of c.p. = 1020
c.p. × 85/100 = 1020
c.p. = 1200
now to gain 12% profit his selling price will be
s.p. = c.p. × (100+12)/100
s.p. (112×100)/ 100
s.p. = 112× 12
s.p. = 1344 ans
at a loss of 15℅ means he got only 100-15 = 85% of cost prize (C.P.).
so we can say
85% of c.p. = 1020
c.p. × 85/100 = 1020
c.p. = 1200
now to gain 12% profit his selling price will be
s.p. = c.p. × (100+12)/100
s.p. (112×100)/ 100
s.p. = 112× 12
s.p. = 1344 ans
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