The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit ?

Rs. 660
Rs. 560
Rs. 1060
Rs. 960

Correct Answer: Rs. 960

Explanation:

Let C.P. = Rs. C.
Then, 832 - C = C - 448
2C = 1280 => C = 640
Required S.P. = 150% of Rs. 640 = 150/100 x 640 = Rs. 960.

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