A person has planned to sell his old type writer for Rs.4500, he would lose 10%. To gain 20% of profit, he should sell it for :
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 6000
On selling a typewriter at Rs.4500 a person would have a loss of 10%
As per question, 90% Of CP = 4500
CP = 4500/90 × 100 = 50 × 100 = 5000Rs.
To gain 20% of profit, he should sell it for 120% Of CP
⇒ 120/100 × 5000 = 30000/5 = 6000Rs.