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Question
The profit earned by selling an article for Rs. 590 is double what was incurred when the same article was sold for Rs. 245. What would be the selling price of the article, if it is sold at 20% profit?
The profit earned by selling an article for Rs. 590 is double what was incurred when the same article was sold for Rs. 245. What would be the selling price of the article, if it is sold at 20% profit?
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Solution
The correct option is A 432
Let the cost price of the article = x
According to the question,
2(x−245)=590−x⇒2x−490=590−x⇒3x=1080⇒x=360
So cost price =360
∴ Selling price for 20
Let the cost price of the article = x
According to the question,
2(x−245)=590−x⇒2x−490=590−x⇒3x=1080⇒x=360
So cost price =360
∴ Selling price for 20
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