LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
42 views
in Aptitude by (30.0k points)
closed by
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. Then the sale price of the article for making 50% profit should be (in rupees)
1. 920
2. 960
3. 1060
4. 1200

1 Answer

0 votes
by (30.0k points)
selected by
 
Best answer
Correct Answer - Option 2 : 960

Given:

Original Selling Price = Rs. 832

New Selling Price = Rs. 448

Profit earned by selling the article for Rs. 832 = Loss incurred by selling the article at Rs. 448

Formula Used:

Profit = SP - CP

Loss = CP - SP

SP = CP × {(100 + Profit%)/100}

where, 

SP = Selling Price,

CP = Cost Price

Calculation:

According to the question,

Profit earned by selling the article for Rs. 832 = Loss incurred by selling the article at Rs. 448

⇒ Original SP - CP = CP - New SP

⇒ 832 - CP = CP - 448

⇒ 2 × CP = 832 + 448 

⇒ CP = 1,280/2

⇒ CP = Rs. 640

Now, the Selling Price for making 50% profit,

SP = CP × {(100 + Profit%)/100}

⇒ 640 × {(100 + 50)/100}

⇒ 640 × (150/100)

⇒ 640 × (3/2)

⇒ 320 × 3

⇒ Rs. 960

∴ The sale price of the article for making 50% profit should be Rs. 960.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...