Question
The profit earned by selling an article for Rs. 4,800 is
5/8th the loss incurred on selling the same article for Rs. 3,200. Find the selling price of the article if the article is sold at a profit of 25%.Solution
ATQ, Let the cost price of the article be Rs. 'C'. Profit earned = Rs. (4,800 - C) Loss incurred = Rs. (C - 3,200) ATQ; 4,800 - C = (5/8) X (C - 3,200) Or, 8 X (4,800 - C) = 5 X (C - 3,200) Or, 38,400 - 8C = 5C - 16,000 Or, 13C = 54,400 So, 'C' = 4,184.62 Required selling price = (125/100) X 4,184.62 = Rs. 5,230.77
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