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

    Question

    The profit earned by selling an article for Rs. 6,250 is

    4/9th the loss incurred on selling the same article for Rs. 3,500. Find the selling price of the article if the article is sold at a profit of 35%.
    A Rs.7,295.40 Correct Answer Incorrect Answer
    B Rs.7,350.40 Correct Answer Incorrect Answer
    C Rs.5,295.40 Correct Answer Incorrect Answer
    D Rs.7,095.40 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the article be Rs. 'C'. Profit earned = Rs. (6,250 - C) Loss incurred = Rs. (C - 3,500) ATQ; 6,250 - C = (4/9) X (C - 3,500) Or, 9 X (6,250 - C) = 4 X (C - 3,500) Or, 56,250 - 9C = 4C - 14,000 Or, 13C = 70,250 So, 'C' = 5,404 Required selling price = (135/100) X 5,404 = Rs.7,295.40

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question