Profit and Loss Practice Test 3

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Question : 29 of 40

Marks: +1, -0

Prabhu sold an article at the cost of Rs 2,190 and incurs a loss of 27%. At what price must he sell it to get a profit of 20%.

Rs 3,000
Rs 2,970
Rs 3,600
Rs 2,412.37
Rs 3,680

Solution:

SP = 2,190

CP = 2,190   ×[100 /{100-27}]

= Rs 3,000
New SP =

3000 +20/100×3000

= Rs 3,600

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