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      Question

      The cost price of two articles is same. One article is

      sold at 40% profit and another at 10% loss. If the selling price of one article is Rs. 700 more than that of another, then find the selling price of article sold at loss.
      A Rs. 1312.50 Correct Answer Incorrect Answer
      B Rs. 1260 Correct Answer Incorrect Answer
      C Rs. 1050 Correct Answer Incorrect Answer
      D Rs. 1700 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of both the articles be Rs. x
      According to the question,
      1.40x – 0.90x = 700
      => x = 700/0.5 = 1400
      Therefore, selling price of article sold at loss = 0.90x = Rs. 1260

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