Maths / Comparing Quantities / Profit and Loss Percent

QUESTION
 

A cycle is sold for Rs. 880 at a loss of 20%. For how much should it be sold to gain 10% ?

OPTIONS
A. 

Rs. 1400

B. 

Rs. 1210

C. 

Rs. 1100

D. 

Rs. 1000

Right Option : B

EXPLANATION
Explain TypeExplanation Content
Text

SP of cycle  =Rs. 880

Loss = 20%

CP of cycle  = 880 times frac {100}{100-20}=Rs. 1100

If gain required is 10% then

SP=1100 times frac {100+10}{100}=Rs. 1210

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