Profit earned by selling an article for ₹ 1060 is 20% more than the loss incurred by selling the article for… · ABC26GN2647

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