Question

By selling an article for Rs.9 a man lost 10%. For how much should it be sold to gain 8%?
1. Rs.11.20
2. Rs.9.30
3. Rs.10.80
4. Rs.14.60

Answer 1

Correct Answer - Option 3 : Rs.10.80

Given:

The selling price = Rs. 9

The loss% = 10

Formula used:

\(L\% =\ {CP\ -\ SP\over CP}× 100\)     (Where L = Loss, SP = Selling price, and CP = Cost price)

Calculation:

Let us assume cost price be X

⇒ \(10 =\ {CP\ -\ 9\over CP}× 100\)

⇒ By solving 

⇒ CP = 10

⇒ The new selling price at 8% gain = 10 × (108/100) = 10.80

∴ The required result will be 10.80.