A person sold an article at a loss of 16%. Had I sold it for ₹660 more, he would have gained 8%. What should be the selling price (in ₹) to gain a profit of 12%?
Answer & explanation
Correct answer: option 4
Loss% = 16
Profit% = 8
ATQ, if he had sold it for 660 more than he would gain 8% instead of losing 16%
So, (16 + 8)% = 660
100% = 2750 = cost price
SP at 12% profit = 112% of 2750 = 3080