Question
The profit earned when an article is sold for Rs. 1,800
is the same as the loss incurred on selling it for Rs. 1,000. Find the selling price of the article if it is sold at a profit of 35%.Solution
ATQ, Let the cost price of the article be Rs. 'C'. So, 1,800 − C = C−1,000 Or,2C = 2,800 So, C = 1,400 Therefore, selling price of the article at a profit of 35% = 1.35×1,400 = Rs.1,890
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