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Profit and Loss
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
Rs. 2000
Rs. 2200
Rs. 2400
Data inadequate
Correct Answer:
Rs. 2000
Explanation:
Let C.P. be Rs.
x
.
Then,
1920 -
x
x 100 =
x
- 1280
x 100
x
x
⟹ 1920 -
x
=
x
- 1280
⟹ 2
x
= 3200
⟹
x
= 1600
∴ Required S.P. = 125% of Rs. 1600 = Rs.
❨
125
x 1600
❩
= Rs 2000.
100
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