A shopkeeper loses 15%,if an article is sold for Rs.

A shopkeeper loses 15%,if an article is sold for Rs. 170. What should be the selling price of the article to gain 20%?

Quiz

Answer/Solution

s.240

Steps/Work

Given that SP = Rs. 170 and loss = 15%
CP = [100(SP)]/(100 - l%) = (100 * 170)/85 = 20 * 6
= Rs. 200.
To get 20% profit, New SP = [(100 + p%)CP]/100
= (200 * 120)/100
= Rs.240
Answer:C

Gain Calculator / Auto Solver

A shopkeeper loses %, if an article is sold for $. What should be the selling price of the article to gain %?

Calculated Answer

240

Step by Step Solution

In order to solve problem, you must evaluate n1 / (1 - n0 / 100) + n1 / (1 - n0 / 100) * n2 / 100.

n0 =15
n1 =170
n2 =20