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