Reena sells an article at 12% below its cost price. Had she sold it for ₹540 more, she would have gained 15%. At what price should she sell the article to gain 20%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. ₹2,400.
Let CP = x
According to the question,
⇒
⇒
⇒ x = 2000
20% gain
⇒ 1.2x = ₹2400