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%?
Answer & explanation
Correct answer: option 2
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