A seller has a 20% loss after selling an item at ₹ 1200. At what price should sell it to get 5% profit?
- A. ₹ 1600
- B. ₹ 1440
- C. ₹ 1550
- D. ₹ 1575 ✓
Correct Answer: D. ₹ 1575
Explanation
Cost Price = \frac{1200}{0.80} = 1500. New Selling Price for 5\% profit = 1500 \times 1.05 = 1575.
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