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Question 1:
A shopkeeper loses 15%,if an article is sold for Rs. 102.
What should be the selling price of the article to gain 20%?
A. Rs. 150
B. Rs. 120
C. Rs. 130
D. Rs. 144
Feedback Given that SP = Rs. 102 and loss = 15%
CP = [100(SP)]/(100 - l%) = (100 * 102)/85 = 20 * 6 = Rs. 120.
To get 20% profit, New SP = [(100 + p%)CP]/100 = (120 * 120)/100 = Rs. 144

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