By selling an article for Rs. 720, a trader suffers a loss of 10%. At what price must he sell it to gain 20%?

ARs. 840

BRs. 900

CRs. 960

DRs. 1,000

Explanation

CP = 720 / 0.90 = Rs. 800. For 20% profit, SP = 800 * 1.20 = Rs. 960.

Exam Relevance

Topic: Profit and Loss
Subtopic: Selling Price

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