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On selling an article for Rs. 441210, a trader loses 12%. To gain 14.28% he should sell the article at?
1. 345690
2. 573000
3. 215600
4. 876500

1 Answer

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Best answer
Correct Answer - Option 2 : 573000

Given: 

On selling an article for Rs.441210, a trader loses 12%

Formula used:

Profit = SP - CP

Profit % = (Profit/CP) × 100

Loss = CP - SP

Loss % = (Loss/CP) × 100

Calculation:

When SP is Rs. 441210, loss is 12%

⇒ CP = Rs. (100 × 441210/88)

⇒ Rs. 501375

To gain 14.28% or (1/7),

SP = Rs. {(1/7 +1) × 501375}

⇒ Rs. 573000

∴ the correct answer is Rs. 573000

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