Question

If an article is sold for Rs. $178$ at a loss of $11\%$.What should be its selling price in order to earn a profit of $11\%$?

• A. Rs. $222.50$
• B. Rs. $267$
• C. Rs. $222$
• D. Rs. $220$

Answer 1

Answer: (C)

Rs. $222$

Given, S.P. $=$ Rs. $178$, Loss $=11\%$

$\therefore$ C.P. $=$ $\frac{178\times 100}{(100-11)}=\frac{178\times 100}{89}=200$
Now, C.P. $=$ Rs. $200$, Profit $=11\%$
$\therefore$ S.P. $=$ $200+\frac{200\times 11}{100}=$ Rs. $222$

Therefore, the selling price is Rs. $222$.