By selling an article for ₹8,670, a man loses 15%. At what price (in ₹) should he sell it in order to make a profit of 15%?
Answer & explanation
Correct answer: option 1
Selling price = 8,670
Loss% = 15%
So Cost price =
85% of the cost price = 8,670
100% of the cost price = 8,670 × \(\frac{100}{85}\) = 10200
Profit = 15%
So the selling price of the article = 115% of the CP
115% of 10200 = 11,730