By selling an article for ₹450, Riyan incurred a loss of 10%. At what price should he sell it to make a profit of 12%?
Answer & explanation
Correct answer: option 3
Selling price = 450
Loss = 10%
Profit to be earned = 12%
So, according to the question,
New selling price = 450 × \(\frac{10}{9}\) × \(\frac{112}{100}\) = ₹560