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?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.
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