A seller decreased the selling price of each item from ₹5,000 to ₹4,680, by which his loss percentage increased by 4%. If he has to get 4% profit, then the selling price of the item should be:
A.₹8,320✓ Correct
B.₹7,280
C.₹8,840
D.₹7,800
Explanation
The drop from ₹5000 to ₹4680 (₹320 difference) represents a 4% increase in loss, so cost price = 320/0.04 = ₹8,000. For 4% profit: SP = 8000 × 1.04 = ₹8,320.
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