By selling an article for Rs.33,000 a man gains 10%. To get a profit of 20%, he has to sell it for:
Answer & explanation
Correct answer: option 3
10% = \(\frac{1}{10}\)
\(\frac{SP}{CP}\) = \(\frac{11}{10}\)
At 20 % profit ,
\(\frac{SP}{CP}\) = \(\frac{12}{10}\)
If, 11x = 33,000
Then, 12x = Rs.36,000