Question
The profit gained from selling an item for Rs. 920 is
equal to the loss faced when it is sold for Rs. 780. What would be the selling price of the item if it were to be sold at a 30% profit?Solution
Let the cost price of the article be Rs. 'C'. So, 920 - C = C - 780 Or, 2C = 920 + 780 So, 'C' = (1,700/2) = Rs. 850 Therefore, required selling price = 850 X 1.3 = Rs. 1,105
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