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    By selling an article for Rs. 2,340, the dealer loses 10%. At what price should he sell the article to gain 15%?
    Question

    By selling an article for Rs. 2,340, the dealer loses 10%. At what price should he sell the article to gain 15%?

    A.

    Rs. 2,990

    B.

    Rs. 2,350

    C.

    Rs. 2,365

    D.

    Rs. 2,600

    Correct option is A

    Given: 
    Selling Price(SP) = Rs. 2340 
    Loss % = 10% 
    To find: Selling price for 15% gain.
    Formula Used: 
     Loss %=CPSPCP×100\text{ Loss \%} = \frac{ CP - SP}{CP} \times 100 
    Gain %=SPCPCP×100\text{Gain \%} = \frac{SP - CP}{CP} \times 100 
    Solution: 
    Form 10% loss;
    Cost Price (CP) = 234090×100=2600\frac{ 2340}{90}\times 100 = 2600 
    Now to gain 15%;
    Selling Price(SP) = 2600×115100=29902600 \times\frac{115}{100} = 2990 
    Thus, For 15% gain, Selling price should be Rs. 2990.

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