Question

    A shopkeeper sold a jacket for Rs. 2600 at a loss of

    20%. At what price should he have sold the jacket, to earn a profit of 20%?
    A Rs.3500 Correct Answer Incorrect Answer
    B Rs.3900 Correct Answer Incorrect Answer
    C Rs.3700 Correct Answer Incorrect Answer
    D Rs.3750 Correct Answer Incorrect Answer

    Solution

    Let CP = Rs. x => SP = (100-20)% × x => 2600 = (80/100) × x => x = 3250 CP = Rs. 3250 Profit = 3250 × (20/100) = Rs.650 SP = CP + Profit SP = 3250 + 650 = Rs.3900

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