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Discussion :: IBPS BANK EXAM TEST 3

  1. Manhar sold an item for Rs.8,400 and incurred a loss of 25%. At what price should he have sold the item to have gained a profit of 40% ?
  2. A.

    Rs. 15, 680

    B.

    Rs. 16, 220

    C.

    Rs. 14, 540

    D.

    Cannot be determined

    E.

    None of these

    View Answer

    Workspace

    Answer : Option A

    Explanation :

    C.P of item = (100/75)*8400

    =Rs.11200

    S.P. for a gain of 40%

    = (11200 * 140)/100 = Rs. 15680



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