📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    The profit gained from selling an item for Rs. 920 is

    equal to the loss faced when it is sold for Rs. 780. What would be the selling price of the item if it were to be sold at a 30% profit?
    A Rs. 1,175 Correct Answer Incorrect Answer
    B Rs. 975 Correct Answer Incorrect Answer
    C Rs. 1,200 Correct Answer Incorrect Answer
    D Rs. 1,105 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. 'C'. So, 920 - C = C - 780 Or, 2C = 920 + 780 So, 'C' = (1,700/2) = Rs. 850 Therefore, required selling price = 850 X 1.3 = Rs. 1,105

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question