The profit earned when article is sold for ₹8000 is 20 times the loss incured when it is sold for ₹2750. Find at what price he sold his goods if he wants to earn 20% profit.
Answer & explanation
Correct answer: option 4
ATQ,
(8000 - P) = 20 (P - 2750)
21P = 63000
P = 3000
SP at 20% = 3000 × \(\frac{120}{100}\) = 3600