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      Question

      The selling price of a product when it is sold at a profit

      of 10% is Rs. 40 more than its selling price when it is sold at a loss of 25%. What would be the selling price of the product if it is sold at a profit of 20%?
      A Rs.232.15 Correct Answer Incorrect Answer
      B Rs.185.90 Correct Answer Incorrect Answer
      C Rs.346.15 Correct Answer Incorrect Answer
      D Rs.136.80 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the cost price of the product = Rs. '100y'

      According to the question,

      100y × 1.10 - 100y × 0.75 = 40

      Or, 110y - 75y = 35y = 40

      So, y = (40/35) = 1.14

      Cost price of the product = 1.14 × 100 = Rs. 114

      Required selling price = 114 × 1.20 = Rs. 136.80

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