# Profit & Loss Mcqs

Q.  A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?

a. Rs. 150
b. Rs. 144
c. Rs. 138
d. Rs. 132
e. None of these

ANSWER: See Answer

Given that SP = Rs. 102 and loss = 15%

CP = [100(SP)]/(100 – l%) = (100 * 102)/85 = 20 * 6 = Rs. 120.
To get 20% profit, New SP = [(100 + p%)CP]/100 = (120 * 120)/100 = Rs. 144
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