Discussion
A person sold an article for Rs. 282 and incurred a loss of 6%.What should be the selling price in order to earn a profit of 6%?
Answer: B
The selling price should be Rs. 318. A sale at Rs. 282 with a loss of 6% means 282 is 94% of the cost price, so \[ CP = \frac{282}{0.94} = 300 \] To earn a profit of 6% the selling price must be \[ 300\times 1.06 = 318 \] Rs. 300 is the cost price itself, Rs. 208 and Rs. 420 are unrelated values, so only Rs. 318 is right.
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