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By selling an article for Rs. 450, I lose 20%. For what price should I sell it to gain 20 %?
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- Rs. 490
- Rs. 675
- Rs. 470
- Rs. 562.50
Correct Option: B
Given , Selling Price of article = Rs. 450 and Loss% = 20%
| ∴ C.P of article = | × Selling Price of article | ( 100 - Loss% ) |
| C.P of article = | × 450 | 100 - 20 |
| C.P of article = | = Rs. 562.5 | 80 |
∴ To gain 20%
| S.P. = | = Rs. 675 | 100 |
