An item was sold for ₹ 12000 at a 20% loss. At what price should it be sold to gain a 20% profit?
Show answer & explanation
Correct answer: A
Explanation
Given:
Loss = 20%
Selling price at loss = 12,000
12,000 = CP × 80/100
CP = 12,000 × 100/80
CP = 15,000
New SP = 15,000 × 120/100 = Rs 18,000