Discussion

Q.

Raj sold an item for ₹ 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%?

(SBI PO -2017)

A. ₹ 14656

B. ₹ 11856

C. ₹ 13544

D. Can't be determined

Correct Option is B

Explanation:

CP = 100%    Loss = 30%      SP = 70%

To get a profit of 30%, SP should be 130%

70% = 6384

130% = 638470×130 = 11856 (Ans)

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