Multiple choice

By selling an article for Rs. 456.30, a man loses 22%. At what rate price should he sell it in order to gain 30%?

  1. Rs. 750

  2. Rs. 750.50

  3. Rs. 760.50

  4. Rs. 700

  5. Rs. 720
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SP = 456.30 and Loss = 22%

CP = (SP * 100)/(100 - Loss%)

= (456.30 * 100)/(100 - 22)

= 585

So, CP of the article is Rs. 585. 

Now, the profit is 30%. 

Then, SP = CP(100 + Profit%)/100. 

= 585(100 + 30)/100 

= 760.50

So, the SP at 30% profit is 760.50.

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