Profit and Loss Practice Test 5

Question : 40 of 40

Marks: +1, -0

A seller sells an article for for Rs 1,700, and loses 20%. At what price must he sell the article in order to gain 8%?

Solution:

CP (1-20/100)=1700

CP=2125

SP when article is sold at 8% profit,

SP=2125 (1+8/100)

SP = Rs 2,295

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