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    Question

    The percentage profit earned by James by selling an

    article for ₹1,920, equals the percentage loss suffered by selling it at ₹1,500. What should be the selling price if he wants to earn 10% profit?
    A ₹7,000 Correct Answer Incorrect Answer
    B ₹2,000 Correct Answer Incorrect Answer
    C ₹4,000 Correct Answer Incorrect Answer
    D ₹1,881 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price (C.P.) = ₹ 'x'. Profit when sold at ₹1920 = Loss when sold at ₹1500: 1920 – x = x−1500 Solve for 'x', we get  1920+1500 = 2x  3420 = 2x x = 1710 So, C.P. = ₹1710. Selling price for 10% profit: Selling Price = C.P.+10% × C.P.=1710+171= ₹1,881

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