By selling an article for 640, a person loses 15% ofits selling price. At whatprice (in 2) should he sell it to gain 15% on its cost
price?
This questions was previously asked in
SSC CGL 17th August 2021 Shift-1
Explanation:
- Selling Price (SP) and Loss Analysis:
- Article sold for $640.
- Loss is 15% of selling price.
- Loss = 15% of $640 = $96.
- Hence, the Cost Price (CP) = Selling Price + Loss = $640 + $96 = $736.
- Target Selling Price for Gain:
- To gain 15% on cost price:
- Target Selling Price = Cost Price + 15% of Cost Price.
- Target = $736 + (15% of $736) = $736 + $110.40 = $846.40.
- Options:
1. 832
2. 846.40
3. 835
4. 836.60
The correct price to sell for a 15% gain is 846.40.
.