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SSC CHSL 2020 · PYQ · Profit and Loss · medium

By selling an article for ₹600, a shopkeeper makes a profit of 20%. At what price should he sell the article to incur a loss of 20%?

Answer

The correct answer is A: ₹400. Cost price = 600/1.2 = ₹500. Selling at 20% loss = 500 × 0.8 = ₹400.

  1. A.₹400✓ Correct
  2. B.₹600
  3. C.₹300
  4. D.₹500

Explanation

Cost price = 600/1.2 = ₹500. Selling at 20% loss = 500 × 0.8 = ₹400.
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