Question

when an article is sold for rs 750, a loss of 20% is made on the cost price. if a gain of 20% has to be made on the selling price, then find the price at which the article should be sold

Answer 1

let the CP=x
SP when there is 20% loss=(100-20)%×x=(80/100)x=(4/5)x=750
there fore,4/5x=750
x=(750×5)/4
x=3750/4
x=937.5
SP when 20% profit=(6/5)x=(6/5)×937.5=6×187.5=3+42+480+600=1125