Correct Answer - Option 1 : Rs. 1056
Given:
Profit percentage = 10%
Selling price of a mobile = Rs. 1320
Loss percentage = 12%
Formula Used:
C.P = S.P × {100/(100 + P%)}
S.P = C.P × {(100 - L%)/100}
Where C.P = Cost Price, S.P = Selling Price, P% = Profit Percent, L% = Loss Percent
Calculation:
(S.P)1 = Rs. 1320
C.P = (S.P)1 × {100/(100 + P%)}
⇒ 1320 × {100/(100 + 10)}
⇒ 1320 × {100/110}
⇒ 1320 × (10/11)
⇒ 1200
Cost price of a mobile = Rs. 1200
Again,
(S.P)2 = C.P × {(100 - L%)/100}
⇒ 1200 × {(100 - 12)/100}
⇒ 1200 × (88/100)
⇒ 12 × 88
⇒ 1056
∴ Aman will sell the mobile for Rs. 1056 to suffer 12% loss.
