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    Question

    The profit made by selling an

    item for Rs. 1740 is double the loss incurred when it is sold for Rs. 1305. At what price should the item be sold to achieve a 40% profit?
    A Rs.2250 Correct Answer Incorrect Answer
    B Rs.1200 Correct Answer Incorrect Answer
    C Rs.2030 Correct Answer Incorrect Answer
    D Rs.2250 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, (1740 - CP) = 2(CP - 1305) 1740 - CP = 2CP - 2610 3CP = 4350 CP = Rs. 1450 Therefore, required selling price = 1450 x 1.4 = Rs. 2030

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