Sudha sold an article to renu for Rs.576 at a loss of 20%. Renu spent a sum of Rs.224 on its transportation and sold it to raghu at a price which would have given sudha a profit of 24%. The percentage of gain for renu is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 11.6%
Sudha sold an article to Renu for = Rs. 576
Cost price of the article for Sudha = Rs. 576 × (100 / 80) = Rs. 720
Final cost price of the article for Renu = 576 + 224 = Rs. 800
Profit gain on the article for Renu = Rs. 720 × (124 / 100) = Rs. 892.8
Profit percentage on the article for Renu = (92.8 / 800) × 100 = 11.6%