By selling an article for ₹ 320, a man incurs a loss of 20%. What should be the selling price of an article to gain 20%? |
₹ 450 ₹ 480 ₹ 420 ₹ 500 |
₹ 480 |
Selling price of the article = 320 Loss incurred = 20% Profit to be earned = 20% New selling price = 320 × \(\frac{5}{4}\) × \(\frac{6}{5}\) = ₹ 480 |