📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Profit percentage received on a product when sold for

      Rs.560 is equal to the percentage loss incurred when the same product is sold for Rs.420. Find the selling price of the product if the shopkeeper wants to have a profit of 40%.
      A Rs.686 Correct Answer Incorrect Answer
      B Rs.540 Correct Answer Incorrect Answer
      C Rs.450 Correct Answer Incorrect Answer
      D Rs.582 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs.x. According to the question, => 560 – x = x – 420 => 2x = 980 => x = 490 Selling price of the product at profit of 40% = 490 x 1.4 = Rs.686

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question