Question
The profit earned by selling an article for Rs. 9,200 is
3/4th the loss incurred on selling the same article for Rs. 6,000. Find the selling price of the article if the article is sold at a profit of 60%.Solution
ATQ, Let the cost price of the article be Rs. 'C'. Profit earned = Rs. (9,200 - C) Loss incurred = Rs. (C - 6,000) ATQ; 9,200 - C = (3/4) X (C - 6,000) Or, 4 X (9,200 - C) = 3 X (C - 6,000) Or, 36,800 - 4C = 3C - 18,000 Or, 7C = 54,800 So, 'C' = 7,828.57 Required selling price = (160/100) X 7,828.57 = Rs.12,525.71
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