4 Views

Question : While selling an article for INR 8,442, a person suffered a loss of 30%. At what price he should have sold the article to earn a profit of 20%?

Option 1: INR 15,686

Option 2: INR 14,472

Option 3: INR 12,806

Option 4: INR 13,885


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: INR 14,472


Solution : Selling price = INR 8442
Loss = 30% of cost price
Loss = cost price – selling price
⇒ 30% of cost price = cost price – 8442
⇒ 8442 = 70% of the cost price
So, the cost price = $\frac{8442}{0.7}$ = 12060
Profit = 20% of cost price
Selling price = cost price + 20% of cost price
= 120% of 12060
= INR 14,472
Hence, the correct answer is INR 14,472.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books