The difference in selling price of an article when it is sold at 20% profit and 18% loss is ₹570. If it is sold at 12% loss, then what will be the selling price of the article?
Answer & explanation
Correct answer: option 3
The selling price sold at 20% profit = 120
The selling price sold at 18% loss = 82
Difference = 120x - 82x = 38x
38x = 570
if it is sold at 12% loss then the selling price will be equal to 88% of the sold price
then, New SP = 88x = \(\frac{570}{38}\) × 88 = ₹1320