ABC26GN2647 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

Profit earned by selling an article for ₹ 1060 is 20\% more than the loss incurred by selling the article for ₹ 950. At what price should the article be sold to earn 20\% profit?

(a)₹ 980

(b)₹ 1080

(c)₹ 1800

(d)None of these

Answer

Answer (as printed): D

Explanation

Let C.P. be ₹ $x$. $$\begin{aligned} & \text { Then, }(1060-x)=\frac{120}{100}(x-950) \\ & \Rightarrow 106000-100 x=120 x-120 \times 950 \\ & \Rightarrow 220 x=220000 \Rightarrow x=1000 . \\ & \therefore \text { Desired S.P. }=₹\left(\frac{120}{100} \times 1000\right)=₹ 1200 . \end{aligned}$$

Explanation as extracted from the printed page; notation may be imperfect.

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