A person sold an article at a loss of 15%. Had he sold it for Rs. 30.60 more, he would have gained 9%. To gain 10%, he should have sold it for:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 140.25
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Understanding |
Application |
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Let CP = x Difference of SP = 30.6 |
When sold at 15% loss: SP = 0.85x When sold at 9% profit: SP = 1.09x Hence, 1.09x – 0.85x = 30.6 ⇒ 0.24x = 30.6 ⇒ x = 30.6/0.24 = 127.5 SP for 10% profit = 127.5 × 1.1 = 140.25 |