A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?
Q1. A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?
Answer: Rs. 144
Explanation: If SP = Rs. 102 yields a 15% loss, CP = 102/0.85 = Rs. 120; for 20% gain, SP = 120 × 1.20 = Rs. 144.