Finding Prices / Charges Related to Buying and Selling
The profit ea...
Question
The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should the article be sold to make 25% profit?
A
Rs. 750
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B
Rs. 800
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C
Rs. 600
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D
Rs. 900
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Solution
The correct option is A Rs. 750 Let the C.P. be Rs. x.
Then, 900−x=2(x−450)
⇒900−x=2x−900
⇒3x=1800 ⇒x=600 i.e., C.P. = Rs. 600, Profit =25% ∴ S.P. of the article = Rs. (600×125100)= Rs. 750.