A man wanted to sell an article with 20% profit: but he actually sold at 20% loss for Rs. 480, at what price he wanted to sell it to earn the profit = ?

A. Rs. 720

B. Rs. 840

C. Rs. 600

D. Rs. 750

Answer: Option A

Solution(By Examveda Team)

According to the question,
$$\eqalign{ & {\text{Loss }}20\% \cr & {\text{Selling price}} \cr & = 100\% - 20 = 80\% \cr & 80\% = 480 \cr & 1 = \frac{{480}}{{80}} \cr & \therefore \left( {{\text{Profit }}20\% } \right) \cr & = \frac{{480}}{{80}} \times 120 \cr & = {\text{Rs}}{\text{. }}720 \cr} $$