ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    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%.
    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.5,230.77 Correct Answer Incorrect Answer

    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

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question