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      Question

      The profit earned when an article is sold for Rs. 2,200

      is the same as the loss incurred on selling it for Rs. 1,400. Find the selling price of the article if it is sold at a profit of 30%.
      A Rs.2,340 Correct Answer Incorrect Answer
      B Rs.1,570 Correct Answer Incorrect Answer
      C Rs.1,890 Correct Answer Incorrect Answer
      D Rs.2,240 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the cost price of the article be Rs. 'C'. So, 2,200 − C = C−1,400 Or, 2C = 3,600 So, C = 1,800 Therefore, selling price of the article at a profit of 30% = 1.30×1,800 = Rs.2,340

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