-
If an article is sold for $ 178 at a loss of 11%, what should be its selling price in order to earn a profit of 11 %?
-
- $222.50
- $ 267
- $ 222
- $ 220
Correct Option: C
Here , Selling Price of article = $ 178
The article is sold at 11% loss.
∴ ( 100 - 11 )% of CP = $ 178
⇒ 89% of CP = $ 178
⇒ CP = $ | = $ 200 | 89 |
To gain 11% ,
New S.P. = 111% of $ 200
New S.P. = $ | × 200 = $ 222 | 100 |