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SSC MTS 2019 · PYQ · Profit and Loss · medium

By selling an article for ₹320, a men incurs a loss of 20%. What should be the selling price of an article to gain 20%?

Answer

The correct answer is B: ₹480. SP at 20% loss = ₹320, so CP = 320×100/80 = ₹400. SP for 20% gain = 400×120/100 = ₹480.

  1. A.₹450
  2. B.₹480✓ Correct
  3. C.₹500
  4. D.₹420

Explanation

SP at 20% loss = ₹320, so CP = 320×100/80 = ₹400. SP for 20% gain = 400×120/100 = ₹480.
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