When an article is sold for ₹582, there is a loss of 3%. To gain 12%, it should be sold for:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. ₹672.
Let CP = 100
Loss of 3% , so SP = 97 corresponds to ₹582
To gain 12%, SP = 112
Required SP = (582/97) × 112 = 672