Selling a toy at Rs. 10.80 entails a 10% loss. At what price should it be sold to achieve a 20% profit?
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Answer: C. Rs. 14.40
Explanation
Selling a toy at ten point eighty for a ten percent loss establishes the cost price at twelve currency units. Multiplying the cost price of twelve by one point twenty calculates the target selling price for a twenty percent profit. The resulting selling price required to achieve a twenty percent profit is fourteen point forty. A ten percent loss means the selling price represents ninety percent of the original cost price. Cost price serves as the essential baseline from which both profit margins and losses are calculated. A twenty percent profit requires selling the item at one hundred twenty percent of its cost price.
Option a represents a lower selling price that fails to achieve the desired profit margin. Option b results from an incorrect percentage multiplier applied during the profit calculation. Option d is incorrect because a valid numerical solution exists within the listed options.
- Subject
- Mathematics
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- Mathematics
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- Difficulty
- medium
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