Question
The gain obtained by selling a
sugar bag for Rs. 1225 is the same as the loss suffered when selling the same sugar bag for Rs. 475. What should be the selling price to achieve a 40% profit?Solution
ATQ,
Let, cost price of Sugar bag be Rs. 'x', So, (1225 – x) = (x – 475) 2x = 1225 + 475 2x = 1700 x = 1700/2, x = 850 Therefore, required selling price = 850 × 1.4 = Rs. 1190
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