Question
Mathematics Question on Profit and Loss
By selling an electric iron for ₹700, a shopkeeper incurred a loss of 30%. At what price should he have sold the electric iron to gain 40% ?
A
₹ 1280
B
₹ 1400
C
₹ 1190
D
₹ 1080
Answer
₹ 1400
Explanation
Solution
The correct answer is (B) : ₹ 1400.