If a man were to sell his home theatre system for ₹14,400, he would lose 25%. But if he wants to gain 20%, the item should be sold for:
Answer & explanation
Correct answer: option 1
Selling price at 25% loss = 14,400
Gain wanted = 20%
C.P = 14,400 × \(\frac{4}{3}\)
C.P = 19,200
Hence, C.P = Rs.19,200
Now, S.P at 20% gain
\(\frac{6}{5}\) × 19,200
Rs. = 23,040