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Profit and Loss

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  1. On selling an article for Rs. 64 one loses 20% . In order to gain 20%, what should be the selling price ?
    1. Rs. 96
    2. Rs. 98
    3. Rs. 94
    4. Rs. 99
Correct Option: A

Let the cost price = Rs. N, loss = 20% and SP = Rs. 64
N = (100/80) x 64 = Rs. 80
Now, CP = Rs. 80, and gain = 20%
so SP = (120/100) x 80 = Rs. 96


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