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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 |
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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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