Profit percentage received on a product when sold for Rs. 400 is equal to the percentage loss incurred when the same product is sold for Rs. 240. Find the selling price of the product if the shopkeeper wants to have a profit of 25%.
Let, the cost price of the article be Rs. x According to the question, 400 – x = x – 240 Or, 2x = 640 Or, x = 320 Selling price of the product at profit of 25% = 320 × 1.25 = Rs. 400
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