Question
The percentage profit earned by James by selling an
article for ₹1,920, equals the percentage loss suffered by selling it at ₹1,500. What should be the selling price if he wants to earn 10% profit?Solution
ATQ, Let the cost price (C.P.) = ₹ 'x'. Profit when sold at ₹1920 = Loss when sold at ₹1500: 1920 – x = x−1500 Solve for 'x', we get 1920+1500 = 2x 3420 = 2x x = 1710 So, C.P. = ₹1710. Selling price for 10% profit: Selling Price = C.P.+10% × C.P.=1710+171= ₹1,881
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