An item is sold at Rs. 360, earning a profit of 20%. What would be the selling price if it is sold at a loss of 20%? MCQ with Answer and Explanation

Explanation:
Let the cost price be 100. Marked Price = 100 + 20% of 100 = 120. Discount = 10% of Marked Price = 12. Selling Price = 120 - 12 = 108. Profit = Selling Price - Cost Price = 108 - 100 = 8. Profit Percentage = 8%.

Explanation:
Let CP of 1 = 1, CP of 15 =15, SP of 12 =15 => SP of 1 =15/12=1.25. Profit =25%.

Explanation:
CP of 15 lemons = 14 * 3 = 42. SP of 15 lemons = 12 * 5 = 60. Profit = 18. Profit % = (18 / 42) * 100 = (3/7) * 100 = 42.85%.