Problem Statement
Suraj sold an item for Rs.1600 and incurred a loss of 20%. At what price should he have sold the item to gain a profit of 30%?
Explanation
SP = CP × (1 − 0.20) → 1600 = 0.8CP → CP = 2000. For 30% profit: SP = 2000 × 1.3 = 2600.
Practice Sets
This question appears in the following practice sets: