By selling an article for ₹360, a woman incurred a loss of 10%. At what price should she sell it so that she makes a profit of 20%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹480.
Loss of 10%:
SP = ₹360
So, CP = × 360 = ₹400
For 20% profit:
SP = 120% of 400 = × 400 = ₹480