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Discussion :: IBPS BANK EXAM TEST 2

  1. Savita sold an item for Rs.6,500 and incurred a loss of 20%. At what price should she have sold the item to have gained a profit of 20%?
    2. A.

    Rs. 10375
    B.

    Rs.9750
    C.

    Rs.8125
    D.
    Cannot be determined
    E.

    None of these

    View Answer

    Workspace

    View Answer

    Answer : Option B

    Explanation :

    C.P of article = 6500 * (100/80)

    = Rs. 8125

    S.P for a gain of 20% = (8125*120)/100   = Rs. 9750

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