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  1. 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 %?
    1. $222.50
    2. $ 267
    3. $ 222
    4. $ 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 = $
178 × 100
= $ 200
89

To gain 11% ,
New S.P. = 111% of $ 200
New S.P. = $
111
× 200 = $ 222
100



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