Question : On selling an article for INR 115, the gain is 20% more than the loss incurred on selling it for INR 104. If the article is sold for INR 130.80, then the profit percentage is:
Option 1: 25
Option 2: 18
Option 3: 30
Option 4: 20
Correct Answer: 20
Solution :
Let the cost price (CP) of the article be INR
According to the question
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CP of the article = INR 109
The new SP of the article = INR 130.80
So, the profit percentage =
Hence, the correct answer is 20.