On selling an article for Rs. 240, a trader loses 4%. In order to gain 10%
Posted on 21-03-2023
Ques - On selling an article for Rs. 240, a trader loses 4%. In order to gain 10% he must sell that article for :
(a) Rs. 275
(b) Rs. 340
(c) Rs. 320
(d) Rs. 264
Solution -
SP of an article = 240
He loses = 4%
4% = 1/25
Let,
CP = 25x
SP = 24x
240 = 24x
x = 10
CP = 25x
CP = 25 (10)
CP = 250
Now,
In order to gain 10%.
10% = 1/10
CP = 10x
SP = 11x
CP = 10x
250 = 10x
x = 25
SP = 11x
SP = 11 (25)
SP = 275
Hence,
The correct answer is option (a) Rs. 275.
Thank You