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?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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