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By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.
- a)Rs. 800
- b)Rs. 760
- c)Rs. 720
- d)Rs. 680
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
By selling an article for Rs. 480 a person lost 20%. For how much shou...
The correct option is C.
To make a profit of 20%, he has to sell the article for Rs. 720.
When he sold it for 480 he had lost 20%. So 80% of the actual price is 480. Hence the actual price of the article is (480×100÷80) = 600. To make a profit of 20% we have to calculate 120×600÷100=720.
To make a profit of 20%, he has to sell the article for Rs. 720.
When he sold it for 480 he had lost 20%. So 80% of the actual price is 480. Hence the actual price of the article is (480×100÷80) = 600. To make a profit of 20% we have to calculate 120×600÷100=720.
Most Upvoted Answer
By selling an article for Rs. 480 a person lost 20%. For how much shou...
Let CP=100
SP1=80
SP2=120
80 =480
=6
=120×6
=720.
SP1=80
SP2=120
80 =480
=6
=120×6
=720.
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Community Answer
By selling an article for Rs. 480 a person lost 20%. For how much shou...
Given:
Selling price of the article = Rs. 480
Loss percentage = 20%
To find:
Selling price to make a profit of 20%
Solution:
Let the cost price of the article be x.
As per the given data,
Selling price = Cost Price - Loss
480 = x - (20% of x)
480 = x - (0.2x)
480 = 0.8x
x = 480/0.8
x = Rs. 600
So, the cost price of the article is Rs. 600.
To make a profit of 20%, the selling price should be:
Selling price = Cost price + Profit
Selling price = x + (20% of x)
Selling price = 600 + (0.2*600)
Selling price = Rs. 720
Therefore, the person should sell the article for Rs. 720 to make a profit of 20%.
Hence, the correct answer is option (c) Rs. 720.
Selling price of the article = Rs. 480
Loss percentage = 20%
To find:
Selling price to make a profit of 20%
Solution:
Let the cost price of the article be x.
As per the given data,
Selling price = Cost Price - Loss
480 = x - (20% of x)
480 = x - (0.2x)
480 = 0.8x
x = 480/0.8
x = Rs. 600
So, the cost price of the article is Rs. 600.
To make a profit of 20%, the selling price should be:
Selling price = Cost price + Profit
Selling price = x + (20% of x)
Selling price = 600 + (0.2*600)
Selling price = Rs. 720
Therefore, the person should sell the article for Rs. 720 to make a profit of 20%.
Hence, the correct answer is option (c) Rs. 720.
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By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of By selling an article for Rs. 480 a person lost 20%. For how much should he sell it to make a profit of 20%.a)Rs. 800b)Rs. 760c)Rs. 720d)Rs. 680e)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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