A person loses 20% when he sells an article for ₹230. What percentage will he gain, if he sells it for ₹339.25?
Answer & explanation
Correct answer: option 2
Selling price of article = 230
Loss% = 20%
Cost price of the article =
80% of the CP = 23=
100% of the CP = 287.5
Final selling price = 339.25
Profit% = (339.25 - 287.5) × \(\frac{100}{287.5}\) = 18