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On selling an article for Rs 255, shopkeeper losses 15%. At how much (in Rs.) he should sell the article in order to earn a profit of 20%?
- a)280
- b)160
- c)200
- d)360
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
On selling an article for Rs 255, shopkeeper losses 15%. At how much (...
GIVEN:
Selling Price = 255
Loss = 15%
Selling Price = 255
Loss = 15%
CALCULATION:
⇒ Cost Price = Selling Price + 0.15 Cost Price
⇒ 0.85 Cost Price = 255
⇒ CP = 255/0.85 = 300
To earn a 20% profit Selling Price = 1.2 Cost Price
⇒ SP = 1.2 × 300 = Rs. 360
∴ Selling Price = Rs. 360
⇒ Cost Price = Selling Price + 0.15 Cost Price
⇒ 0.85 Cost Price = 255
⇒ CP = 255/0.85 = 300
To earn a 20% profit Selling Price = 1.2 Cost Price
⇒ SP = 1.2 × 300 = Rs. 360
∴ Selling Price = Rs. 360
Most Upvoted Answer
On selling an article for Rs 255, shopkeeper losses 15%. At how much (...
Given: Selling price of an article = Rs 255, Loss = 15%
To find: Selling price to earn a profit of 20%
Let's first find the cost price of the article.
Selling price = Cost price - Loss
255 = Cost price - 0.15 * Cost price
255 = 0.85 * Cost price
Cost price = 255 / 0.85 = Rs 300
Now, let's calculate the selling price to earn a profit of 20%.
Profit = 20% of Cost price = 0.2 * 300 = Rs 60
Selling price = Cost price + Profit = 300 + 60 = Rs 360
Therefore, the shopkeeper should sell the article at Rs 360 to earn a profit of 20%.
To find: Selling price to earn a profit of 20%
Let's first find the cost price of the article.
Selling price = Cost price - Loss
255 = Cost price - 0.15 * Cost price
255 = 0.85 * Cost price
Cost price = 255 / 0.85 = Rs 300
Now, let's calculate the selling price to earn a profit of 20%.
Profit = 20% of Cost price = 0.2 * 300 = Rs 60
Selling price = Cost price + Profit = 300 + 60 = Rs 360
Therefore, the shopkeeper should sell the article at Rs 360 to earn a profit of 20%.
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On selling an article for Rs 255, shopkeeper losses 15%. At how much (in Rs.) he should sell the article in order to earn a profit of 20%?a)280b)160c)200d)360Correct answer is option 'D'. Can you explain this answer?
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On selling an article for Rs 255, shopkeeper losses 15%. At how much (in Rs.) he should sell the article in order to earn a profit of 20%?a)280b)160c)200d)360Correct answer is option 'D'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about On selling an article for Rs 255, shopkeeper losses 15%. At how much (in Rs.) he should sell the article in order to earn a profit of 20%?a)280b)160c)200d)360Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On selling an article for Rs 255, shopkeeper losses 15%. At how much (in Rs.) he should sell the article in order to earn a profit of 20%?a)280b)160c)200d)360Correct answer is option 'D'. Can you explain this answer?.
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