Multiple choice

A shopkeeper loses 15% if an article is sold for Rs. 102. What should be the selling price of the article in order to gain 20%?

  1. Rs. 150

  2. Rs. 144

  3. Rs. 138

  4. Rs. 132

  5. Rs. 135

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

Given: Selling Price = Rs. 102 and loss = 15% Cost Price = 100(SP)/100 - loss%) = 100 * 102/85 = 20 * 6 = Rs. 120 To get 20% profit, new S.P. = (100 + profit%)CP/100 = 120 * 120/100 = Rs. 144