On selling an article for Rs 700 the loss is 20 To make profit of 20 the article must be sold at ........

Quantitative Aptitude ( CCS) Profit and loss

On selling an article for Rs. 700, the loss is 20%. To make profit of 20% the article must be sold at

Rs. 1050

Rs. 850

Rs. 1075

Rs. 875

selling price of articel = 700 rs

loss by selling article on rs. 700 = 20%

cost price of article = 700 x 100/100-20 = 875 rs

selling price of article to gain 20 % profit = 875 x 20/100 + cost price

= 175 + 875 = 1050 rs.

Hence, option 1 is the correct answer.

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