By selling an article for ₹ 170, a man loses 15%. What percent will he gain or lose, if he sells it for ₹ 206.40?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Gain, 3.2%
Given:
Selling an article for ₹ 170, a man loses 15%
Calculations:
⇒ CP = [170 × 100/(100 - 15)]
⇒ 200
According to the question;
New SP of an article = 206.4
Profit = SP - CP
⇒ 206.4 - 200 = 6.4
Required percentage profit = (Profit/CP) × 100
⇒ (6.4/200) × 100 = 3.2%