Question

    An article is sold for Rs. 980, yielding a profit that

    is twice the amount lost when the article is sold for Rs. 458. Determine the selling price required for the shopkeeper to achieve a 45% profit.
    A Rs. 912.40 Correct Answer Incorrect Answer
    B Rs. 928.40 Correct Answer Incorrect Answer
    C Rs. 916.40 Correct Answer Incorrect Answer
    D Rs. 936.40 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. 100x. According to question; 980 – x = 2 × (x – 458) Or, 980 – x = 2x – 916 Or, 3x = 1896 Or, x = 632 Desired selling price = 1.45 × 632 = Rs. 916.40

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