Q. On selling an article for Rs. 240, a trader loses 4%. In order to gain 10 % he must sell that article for
✅ Correct Answer: (A)
Rs. 275
Explanation: Let the CP be Rs. x , then SP be 0.96x
∴ 0.96x = 240
⇒ x = 250
Now the new SP = 250 X 1.1 = 275
Explanation by: Babita
Let the CP be Rs. x , then SP be 0.96x
∴ 0.96x = 240
⇒ x = 250
Now the new SP = 250 X 1.1 = 275
∴ 0.96x = 240
⇒ x = 250
Now the new SP = 250 X 1.1 = 275