Multiple choice

By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?

  1. $846.40$
  2. $836.60$
  3. $832$
  4. $835$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Loss is 15% of selling price: 15% of 640 = 96. Cost price = 640 + 96 = 736. Desired profit is 15% of cost: 15% of 736 = 110.4. New selling price = 736 + 110.4 = 846.40. Note the distinction: loss is on SP, gain is on CP.