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    Question

    An article is sold at a loss of 10% and its selling price

    is Rs. 210 less than the selling price when it is sold at a profit of 20%. If the article is actually sold at a profit of Rs. 150, then find its selling price.
    A Rs.850 Correct Answer Incorrect Answer
    B Rs.725 Correct Answer Incorrect Answer
    C Rs.550 Correct Answer Incorrect Answer
    D Rs.650 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the article = Rs. 100x

    According to the question,

    100x × 1.20 - 100x × 0.90 = 210

    ⇒ 120x - 90x = 210

    ⇒ x = 210 ÷ 30 = 7

    So, cost price of the article = 100 × 7 = Rs. 700

    Actual selling price = 700 + 150 = Rs. 850

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