Multiple Choice Questions on By selling an article for Rs 240 a man incurs a loss of 10 At what price should he sell it so that h........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

By selling an article for Rs 240 a man incurs a loss of 10 At what price should he sell it so that h...........

Quantitative Aptitude ( CCS) Profit and loss
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    By selling an article for Rs. 240, a man incurs a loss of 10%. At what price should he sell it, so that he makes a profit of 20%?

    420

    Incorrect Answer

    320 

    Correct Answer

    280

    Incorrect Answer

    288

    Incorrect Answer
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    Explanation:

    Let C.P is 100%.

    S.P = 90% ------> 240 Rs.

    100% ------> 240/90 * 100 Rs. is the C.P

    To get 20% profit, 

    S.P = 240/90 * 100 * 120/100 = Rs.320

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