📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • 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?
      A ₹7,000 Correct Answer Incorrect Answer
      B ₹2,000 Correct Answer Incorrect Answer
      C ₹4,000 Correct Answer Incorrect Answer
      D ₹1,881 Correct Answer Incorrect Answer

      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

      Practice Next

      Relevant for Exams:

      ask-question