Practicing Success
By selling an article for ₹600, a shopkeeper makes a profit of 20%. At what price should he sell the article to incur a loss of 20% ? |
₹600 ₹400 ₹300 ₹500 |
₹400 |
Selling price of the article = 600 Profit = 20% and he wants a loss of = 20% So, 120% of CP = 600 Then 100% of the CP = \(\frac{600}{120}\) × 100 = 500 Selling price of the article at 20% loss = 80% of CP = 80% of 500 = 400 |