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Question : After selling the article for Rs. 430, a person had a loss of 14%. For earning a gain of 14% how much amount an article will be sold?

Option 1: Rs. 480

Option 2: Rs. 490

Option 3: Rs. 570

Option 4: Rs. 600


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 570


Solution : If the person had a loss of 14% after selling the article for Rs. 430, this means that 86% (100% – 14%) of the cost price is Rs. 430.
The cost price of the article = $\frac{430}{0.86}$ = Rs. 500
To earn a gain of 14%, the selling price of the article = $500 × \frac{114}{100}$ = Rs. 570
Hence, the correct answer is Rs. 570.

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