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A man wanted to sell an article with 20% profit; but he actually sold at 20% loss for $ 480. At what price he wanted to sell it to earn the profit?
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- $ 720
- $ 840
- $ 600
- $ 750
Correct Option: A
Let the cost price of article be y.
SP of article at 20% loss = $ 480
∴ ( 100 - 20 )% of y = 480
⇒ 80% × y = 480
| ∴ y = |  | 480 × 100 |  | = $ 600 | ||
| 80 |
| ∴ S.P. for 20% profit = $ | | 600 × 120 | | = $ 720 | ||
| 100 |
