📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The percentage profit earned by selling an article for

    Rs. 2,100 is equal to the percentage loss incurred by selling the same article for Rs.1,460. At what price should the article be sold to make 20% profit?
    A 1738 Correct Answer Incorrect Answer
    B 2136 Correct Answer Incorrect Answer
    C 2234 Correct Answer Incorrect Answer
    D 1530 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Determine the cost price (CP): Given: (2100-CP) /CP= (CP-1460)/CP 2100-CP =CP - 1460 3560 =2CP CP = 1780   The selling price (SP) for a 20% profit: SP =1780 × 1.20= 2136 Therefore, the article should be sold for Rs. 2136.

    Practice Next
    More Profit and loss Questions
    ask-question