A person sold an article at a loss of 16%. Had he sold it for ₹660 more, he would have gained 8%. If the article is sold at ₹3,080, then how much profit percentage is gained?

10% 15% 20% 12%

12%

Let the cost price be X ⇒ \(\frac{108x}{100}\) - \(\frac{84x}{100}\) = 660 ⇒ 24X = 66000 ⇒ X = 2750 When article sold at Rs. 3080 ⇒ Profit = 3080 - 2750 = 330 Profit% ⇒ \(\frac{330}{2750}\)× 100 ⇒ 12%