By selling an article for $ 240, a man incurs a loss of

Home » Aptitude » Profit and Loss » Question

By selling an article for $ 240, a man incurs a loss of 10%. At what price should he sell it, so that he makes a profit of 20 %?

Given that , Selling Price of an article = $ 240
For 10% loss , 90% of C.P. = $ 240

∴ C.P. = $	240 × 100
	90

New S.P. = 120% of C.P.

New S.P. = $ 240 ×		100	×	120	= $ 320
		90		100