Profit and Loss - Arithmetic Aptitude Questions and Answers

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A shopkeeper loses 15%,if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?

Rs. 150

Rs. 144

Rs. 138

Rs. 132

None of these

Answer : Option B

Explanation :

Given that SP = Rs. 102 and loss = 15%

CP = [100(SP)]/(100 - l%) = (100 * 102)/85 = 20 * 6 = Rs. 120.

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