On selling an article for ₹1,700 , a shopkeeper loses 15\% . To gain 20\% , at what price must he sell that article? - Quantitative Aptitude MCQ Competitive Exams 2026 | ExamTest.live

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On selling an article for ₹ 1, 700, a shopkeeper loses 15% . To gain 20%, at what price must he sell that article?

Solution & Step-by-step Explanation

**Step 1: Find the Cost Price (CP)** Selling price with 15% loss is ₹ 1, 700 . This matches 100% - 15% = 85% of the CP . 85% of CP = 1700 CP = \frac{1700 \times 100}{85} = 20 \times 100 = ₹ 2, 000 **Step 2: Find the new Selling Price (SP_{2}) for a 20% gain** New SP = 120% of CP New SP = \frac{120}{100} \times 2000 = 120 \times 20 = ₹ 2, 400

Try it yourself before checking the explanation above.

On selling an article for ₹ 1, 700, a shopkeeper loses 15% . To gain 20%, at what price must he sell that article?

₹ 2, 120

₹ 2, 155

₹ 2, 100

₹ 2, 400

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