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By selling an article for Rs.240, a person loses 20%. To gain 20%, he should sell it for
- ARs. 120
- BRs. 240
- CRs. 360
- DRs. 480
Correct answer: C
Discussion 1
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CCommunity
Rs. 360
Here, the Selling price = 80% of the Cost price = Rs.240
Therefore, the cost price = 240 × 100/80 = Rs.300.
To get a gain of 20% he should sell it for Rs. 360.
Here, the Selling price = 80% of the Cost price = Rs.240
Therefore, the cost price = 240 × 100/80 = Rs.300.
To get a gain of 20% he should sell it for Rs. 360.