Question

The profit made by selling an article for Rs. 4,400 is equal to the amount of loss incurred on selling the same article for Rs. 3,600. What will be the profit per cent, if it was sold for Rs. 4,800?

1. 10%
2. 20%
3. 31%
4. 40%

Answer 1

Correct Answer - Option 2 : 20%

Given:

The profit made by selling an article for Rs. 4,400 is equal to the amount of loss incurred on selling the same article for Rs. 3,600

Formula used:

Profit = selling price - cost price

Profit%  = Profit × 100/cost price.

Calculation:

let cost price be Rs. X

According to the question:

(4400 - X) = (X - 3600)

⇒ 8000 = 2X

⇒ X = 4000

if sp = 4800

Then, Profit = selling price - cost price

⇒ Profit = 4800 - 4000 = Rs.800

⇒ Profit % = Profit × 100/cost price

⇒ Profit = (800 × 100)/4000 = 20%

∴ The profit percent is 20%.