A trader earns a 29% profit by selling an article. If he increases the selling price by ₹90, his gain percent increases to 37%. What is the selling price (in ₹) of the article if he sells it at a 20% profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 1,350.
Let CP = x
1.37x - 1.29x = 90
⇒ 0.08x = 90
⇒ x = 90/0.08 = 1125
SP = 1.20 × 1125 = 1350