By selling an article for Rs. 320, a man incur a loss of 20%. What should bethe selling price of an article to gain 20%?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs 480
By selling an article for ₹ 320, a man incurs a loss of 20%
Hence,
CP = 320/0.8 = Rs. 400
Now,
SP of the article to gain 20% = 400 × 1.2 = Rs. 480