A shopkeeper sells a book at a loss of 40 percent. Had he sold the book for Rs. 120 more, then he would have suffered a loss of 10 percent. To earn a profit of 10 percent, what should be the selling price of the book?
Answer & explanation
Correct answer: option 2
Direct concept = Loss% - loss% = Given more rupees
40% - 10% = 120
30% of CP = 120
110% of CP = 440