By selling an article for Rs. 720, 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

Step 1: SP at 10% loss \(= 0.9 \times CP = 720 \Rightarrow CP = 800\).
Step 2: SP for 20% gain \(= 1.2 \times 800 = \text{Rs. }960\).

Quick Tip: Recover the cost price from the given SP first, then apply the new profit rate.

By selling an article for Rs. 720, a man loses 10%. At what price should he sell it to gain 20%?

The Correct Option is A

Solution and Explanation

Top Questions on Profit and Loss

Questions Asked in ATMA exam