Q. A man bought an article for ₹1200 and sold it at a loss of 15%. If he had sold it for ₹240 more, what would have been his profit percentage?
✅ Correct Answer: (A)
5%
Explanation: Original SP = 1200 × 85/100 = ₹1020. New SP = 1020 + 240 = ₹1260. Profit = 60/1200 × 100 = 5%. Therefore, the correct answer is option1.
Explanation by: Krishna Sharma
Original SP = 1200 × 85/100 = ₹1020. New SP = 1020 + 240 = ₹1260. Profit = 60/1200 × 100 = 5%. Therefore, the correct answer is option1.