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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%?
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- $ 222.50
- $ 267
- $ 435
- $ 222
Correct Option: D
Given in question , S.P. of article = $ 178
Loss = 11%
89% of the cost price = 178
∴ 111% of the cost price = $ | × 111 = $ 222 | 89 |
We can find required answer with the help of given formula :
C.P. = S.P. of article × | 100 - Loss%/td> |
C.P. = 178 × | 100 - 11 |
C.P. = | = 200 | 89 |
S.P. = 200 × | 100 + 11 | = Rs. 222 | ||||
100 |