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      Question

      Profit percentage received on a product when sold for

      Rs. 550 is equal to the percentage loss incurred when the same product is sold for Rs. 250. Find the selling price of the product if the shopkeeper wants to have a profit of 25%.
      A Rs. 520 Correct Answer Incorrect Answer
      B Rs. 550 Correct Answer Incorrect Answer
      C Rs. 500 Correct Answer Incorrect Answer
      D Rs. 570 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let, the cost price of the article be Rs. x According to the question, 550 – x = x – 250 Or, 2x = 800 Or, x = 400 Selling price of the product at profit of 25% = 400 × 1.25 = Rs. 500

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