Question

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 be sold to earn 20% profit?

• A. $Rs.980$
• B. $Rs1080$
• C. $Rs.1800$
• D. None of these

Answer 1

The correct option is D None of these

Let price of article is x

$1060-x=20\%+\cos$

$\cos =x-950$

$20\%=\frac{x-950}{5}$

$\therefore 1060-x=\frac{x-950}{5}+(x-950)$

$\Rightarrow 1060-x=\frac{6}{5}(x-950)$

$\Rightarrow 5300-5x=6x-5700$

$\Rightarrow 11x=11000$

$\therefore [x=1000]$

Hence price $=1000$ (d).