The difference between the selling prices of an article is ₹1440, when it is sold at 20% profit and 17.5% loss. What will be the selling price when it is sold at 15% profit?
Answer & explanation
Correct answer: option 4
Direct concept =
Loss% + Profit % = Difference in the selling price
17.5% + 20% = 1440
37.5% of the cost price = 1440
then, 100% of the cost price = 3840
so, selling price of the article at 15% gain = 115% of 3840 = 4416