Shopkeeper sold an article at a loss of 16%. Had he sold it for Rs. 380.80 more, he would have gained 40%. Had the article sold for Rs. 697, then there would have been a:
1
loss of \(12\frac{1}{2}\)%
2
loss of \(2\frac{1}{2}\)%
3
gain of \(12\frac{1}{2}\)%
4
gain of \(2\frac{1}{2}\)%