By selling an article for Rs. 204, there is a loss of 15%, when the article is sold for Rs. 268.8, the net result is?
Answer & explanation
Correct answer: option 2
Loss of 15% → SP = 85% of CP
\(\frac{85}{100}\) CP = 204
CP = 240
now, new SP = 268.8
then, gain = 268.8 - 240 = 28.8
gain % = \(\frac{28.8}{240}\) × 100% = 12%