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    Question

    Profit percentage received on a product when sold for

    Rs. 300 is equal to the percentage loss incurred when the same product is sold for Rs. 220. Find the selling price of the product if the shopkeeper wants to have a profit of 25%.
    A Rs. 310 Correct Answer Incorrect Answer
    B Rs. 315 Correct Answer Incorrect Answer
    C Rs. 325 Correct Answer Incorrect Answer
    D Rs. 305 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, 300 – x = x – 220 Or, 2x = 520 Or, x = 260 Selling price of the product at profit of 25% = 260 × 1.25 = Rs. 325

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