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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 ?

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UP Police Constable Re-Exam 2024 Official Paper (Held On: 30 Aug 2024 Shift 1)
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  1. ₹ 2,155
  2. ₹ 2,120
  3. ₹ 2,400
  4. ₹ 2,100

Answer (Detailed Solution Below)

Option 3 : ₹ 2,400
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Detailed Solution

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Given:

Selling Price (SP) = ₹1,700

Loss = 15%

Gain = 20%

Formula used:

Cost Price (CP) =

New Selling Price (SPnew) =

Calculations:

CP =

⇒ CP =

⇒ CP = ₹2,000

SPnew =

⇒ SPnew =

⇒ SPnew = ₹2,400

∴ The correct answer is  ₹2,400

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