A shopkeeper sells an article for Rs. 480 at a loss of 20%. At what price should he sell it to make a profit of 20%?
ARs. 600
BRs. 640
CRs. 720
DRs. 800
Explanation
Let Cost Price (CP) = X. Selling Price at 20% loss = 0.80X = 480, so X = 480 / 0.80 = Rs. 600. To earn a 20% profit, Selling Price = 1.20 × CP = 1.20 × 600 = Rs. 720.
Exam Relevance
- Topic: Profit and Loss
- Subtopic: Percentage Gain and Loss
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