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Multiple choice

A garment storeowner sells one shirt for Rs. 600 and makes a profit of 20%. If his loss percentage is 30%, what is the selling price of the shirt?

  1. Rs. 650

  2. Rs. 350

  3. Rs. 700

  4. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SP1 = 600, Profit = 20%. CP = 600 / 1.2 = 500. Loss = 30%. SP2 = CP * (1 - 0.3) = 500 * 0.7 = 350.

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