# Profit earned by selling an article for Rs. 1060 is 20% more than the loss incurred by selling the article for Rs. 950. At what price should the artic

104 views

closed
Profit earned by selling an article for Rs. 1060 is 20% more than the loss incurred by selling the article for Rs. 950. At what price should the article he sold to earn 20% profit? R s .980 b. R s .1080 c. R s .1800 d. none of these

by (93.0k points)
selected

Cost Price = Rs. x
P = 120% L 1060-x=120/100*(x-950)
5300-5x = 6x-5700
11x = 5300+5700 = 11000
therefore, x= Rs.1000
Now, selling price =120% of 1000 = 120/100*1000 Therefore, selling price for the given article is Rs. 1200 i.e. none of these.