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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