On selling an article for Rs 1020, a merchant loses 15%. For how much price…
2023
On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ?
- A.
1344
- B.
1350
- C.
1400
- D.
1450
Attempted by 70 students.
Show answer & explanation
Correct answer: A
Solution: Find the cost price from the given loss, then compute the selling price for a 12% gain.
Step 1: Calculate the cost price.
Selling price at 15% loss = 0.85 × cost price. So,
cost price = 1020 ÷ 0.85 = 1200.
Step 2: Find the selling price for a 12% gain.
Required selling price = cost price × (1 + 0.12) = 1200 × 1.12 = 1344.
Answer: Rs 1344.