By selling an article for ₹ 450, there

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling an article for ₹ 450, there is a loss of 20%. For what price should it be sells to gain 20%?

Options:

₹ 450

₹ 675

₹ 470

₹ 562

Correct Answer:

₹ 675

Explanation:

CP = 450 × \(\frac{100}{80}\)

SP = 450 × \(\frac{100}{80}\) × \(\frac{120}{100}\)

= Rs. 675