Question

Profit earned by selling an article for Rs. $1,060$ is $20$% more than the loss incurred by selling the article for Rs. $950$. At what price should the article be sold to earn $20$% profit?

• A. Rs. $1000$
• B. Rs. $1150$
• C. Rs. $1,250$
• D. Rs. $1,200$

Answer 1

Answer: (D)

Rs. $1,200$

Let C.P. be Rs $x$

Then $(1060-x)=\frac{120}{100}\times (x-950)$
$\Rightarrow 10600-10x=120x-120\times 950$
$\Rightarrow 220x=220000$
$\Rightarrow x=1000$
$\therefore$ Desired S.P. $=$ Rs. $(\frac{120}{100}\times 1000)=$ Rs. $1200$