Profit and Loss Practice Test 10

Question : 17 of 28

Marks: +1, -0

A man loses 10% by selling an article for Rs 180. At what price should he sell it to gain 10%?

Solution:

\table \CP ,\MP ,\SP; x, 10 ,180

SP = CP - 10% of CP

180=x-10/100x=9/10x

x={180×10}/9=200

Cost price of the article = 200
Gain per cent = 10%
SP of article

=200+{10×200}/100=200+20

= Rs 220

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