By selling an article for ₹1008, A suffers as much loss as she would have gained by selling it at a 20% profit. If she sells it for ₹1354.50, then her profit percentage is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 7.5%.
Let CP = x
Loss = Gain = 20% of x = 0.2x
⇒ x - 1008 = 0.2x
⇒ 0.8x = 1008
⇒ x = 1260
Now, profit = 1354.50 - 1260 = 94.50
Profit% = × 100 = 7.5%