A merchant sells an article for 450 SAR, incurring a loss of 10% on the cost price. At what selling price should the merchant sell the article to achieve a 20% profit?
Answer and explanation
Correct answer: B. 600 SAR
- Step 1: Let be the cost price. Selling at a 10% loss means .
- Step 2: Calculate the target price with 20% profit: .
Answer
600 SAR.
Why not the others: '540 SAR' adds 20% to the loss selling price (); '560 SAR' calculates profit on an incorrect cost base; '580 SAR' misapplies percentage markups.
Practise more Advanced Algebra, Geometry and Data Analysis.
Free questions with an explanation for every one, and full timed Qudurat GAT (Saudi Arabia) mock tests.
More Advanced Algebra, Geometry and Data Analysis questions
- If , what is the value of ?
- A car travels 240 kilometers at 80 km/h and returns the same distance at 120 km/h. What is the average speed of the car for the entire round…
- In a triangle, the ratio of the three interior angles is . What is the degree measure of the largest angle?
- If , what is the numerical value of ?
- A water tank can be filled by Pipe A in 6 hours and by Pipe B in 12 hours. If both pipes are opened simultaneously, how many hours will it t…
- What is the radius of a circle whose area is numerically equal to its circumference?