By selling an article for ₹255, there is a loss of 15%. When the article is sold for ₹357, the net result in the transaction is:
Answer & explanation
Correct answer: option 1
Selling price of the article = 255
Loss = 15%
Cost price = 255 × \(\frac{20}{17}\) = 300
New selling price = 357
Profit = 357 - 300 = 57
Profit % = 57 × \(\frac{100}{300}\) = 19%