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?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
Answer
Correct Answer: Rs. 2,000
Explanation
Given
- Selling at Rs. 1920 gives Profit% = Loss% when sold at Rs. 1280.
Let cost price be C
Profit at 1920 = 1920 − CLoss at 1280 = C − 1280Given: 1920 − C = C − 12802C = 3200 ⇒ C = 1600
Price for 25% profitSP = C(1 + 25%) = 1600 × 1.25 = Rs. 2,000
Final Answer: Sell at Rs. 2,000.