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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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