Henry sold an item for Rs.7200/- and incurred a loss of 20%. At what price should he have sold the item to have gained a profit of 20%? Choose one
A) 10600
B) 10800
C) 11000
D) 11200
E) 11400
Explanation:   20% loss means SP = 80% of CP   :. CP = Rs.7200x100/80 = Rs.9000.   The SP for a gain of 20% = 9000+20% of 9000 = 9000+1800= 
<gadget id="calculator">9000+1800</gadget>
<output>10_800</output>
Rs10800.   Answer: Option 10800
<result>B</result>
Henry sold an item for Rs.7200/- and incurred a loss of 20%. At what price should he have sold the item to have gained a profit of 20%?