A man sold a toy for Rs.10620 but incurred a loss of 10%; if he wants to gain…
2025
A man sold a toy for Rs.10620 but incurred a loss of 10%; if he wants to gain a profit of 12% then how much has he to sell?
- A.
13216
- B.
13254
- C.
51245
- D.
13257
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Show answer & explanation
Correct answer: A
Solution:
Step 1 — Find the cost price (CP): The toy sold for 10620 at a 10% loss, so 10620 = CP × (1 − 0.10). Therefore CP = 10620 ÷ 0.9 = 11800.
Step 2 — Find the selling price for a 12% gain: Required SP = CP × (1 + 0.12) = 11800 × 1.12 = 13216.
Answer: He must sell it for Rs. 13,216.