By selling an article for Rs 450, a man loses 10%. At what price should he sell it to gain 20%?

Question

Geeta sells A $→$ 20% (Profit) and B $→$ 10% (Loss) at the same sp. If she increases SP such that A and B still sold at an equal price and profit of 10% made on B, then profit made on A will be?

Answer 1

At a 10% loss, $450$ is $90\%$ of CP, so $1\%$ is $5$ and CP is $500$. A 20% gain adds $20 \times 5 = 100$, giving $500 + 100 = 600$.

By selling an article for Rs 450, a man loses 10%. At what price should he sell it to gain 20%?

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The Correct Option is D

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