1.

Kartik sold an item for ₹ 6,500 and incurred a loss of 20%. At what price should he have sold the item to have gained a profit of20%?A. ₹10,375B. ₹9,750C. ₹8,125D. Cannot be determined

Answer» Correct Answer - B
Let Cost Price item be x
Its selling Price `= x -(20)/(100) x = 6500 (80)/(100) = 6500`
`x = 65000 xx (100)/(80) = 8125`
S.P of item to have gained a Profit of 20%.
`= 8125+(20)/(100) xx 8125 = 9750`


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