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    Question

    Profit percentage received on a product when sold for

    Rs. 240 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%.
    A Rs. 320 Correct Answer Incorrect Answer
    B Rs. 310 Correct Answer Incorrect Answer
    C Rs. 300 Correct Answer Incorrect Answer
    D Rs. 350 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, 240 – x = x – 240 Or, 2x = 480 Or, x = 240 Selling price of the product at profit of 25% = 240 × 1.25 = Rs. 300

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