Question

A person by selling an article for Rs. 450, loses 20%. In order to make a profit of 20% what is the price at which he must sell?

• A. Rs. 500
• B. Rs. 475
• C. Rs. 575
• D. Rs. 675

Answer 1

The correct option is D Rs. 675

$\frac{S{P}_1}{100+x_1}=\frac{S{P}_2}{100+x_2}$

$\frac{450}{100-20}=\frac{S{P}_2}{100+20}$

$S{P}_2=450\times \frac{120}{80}$ = Rs. 675