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The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?
- a)Rs. 2000
- b)Rs. 2200
- c)Rs. 2400
- d)Data inadequate
- e)None of these
Correct answer is option 'A'. Can you explain this answer?
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The percentage profit earned by selling an article for Rs. 1920 is equ...
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The percentage profit earned by selling an article for Rs. 1920 is equ...
To solve this problem, let's assume the cost price of the article is Rs. x.
Given that the percentage profit earned by selling the article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280, we can write the following equation:
Profit% = Loss%
Profit% = (Selling Price - Cost Price) / Cost Price * 100
Loss% = (Cost Price - Selling Price) / Cost Price * 100
According to the given information, we have:
(Selling Price - Cost Price) / Cost Price * 100 = (Cost Price - Selling Price) / Cost Price * 100
Simplifying this equation, we get:
(Selling Price - Cost Price) = (Cost Price - Selling Price)
2 * Selling Price = 2 * Cost Price
Selling Price = Cost Price
This means that the selling price is equal to the cost price.
To find the selling price that will give a 25% profit, we need to calculate 125% of the cost price.
125% of x = 1.25x
Therefore, the article should be sold for 1.25 times the cost price to make a 25% profit.
Since the cost price is x, the selling price should be 1.25x.
To find the value of x, we can use the given information:
Rs. 1920 = 1.25x
Dividing both sides by 1.25, we get:
x = Rs. 1536
Therefore, the cost price of the article is Rs. 1536.
To make a 25% profit, the selling price should be:
1.25 * Rs. 1536 = Rs. 1920
So, the correct option is a) Rs. 2000.
Given that the percentage profit earned by selling the article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280, we can write the following equation:
Profit% = Loss%
Profit% = (Selling Price - Cost Price) / Cost Price * 100
Loss% = (Cost Price - Selling Price) / Cost Price * 100
According to the given information, we have:
(Selling Price - Cost Price) / Cost Price * 100 = (Cost Price - Selling Price) / Cost Price * 100
Simplifying this equation, we get:
(Selling Price - Cost Price) = (Cost Price - Selling Price)
2 * Selling Price = 2 * Cost Price
Selling Price = Cost Price
This means that the selling price is equal to the cost price.
To find the selling price that will give a 25% profit, we need to calculate 125% of the cost price.
125% of x = 1.25x
Therefore, the article should be sold for 1.25 times the cost price to make a 25% profit.
Since the cost price is x, the selling price should be 1.25x.
To find the value of x, we can use the given information:
Rs. 1920 = 1.25x
Dividing both sides by 1.25, we get:
x = Rs. 1536
Therefore, the cost price of the article is Rs. 1536.
To make a 25% profit, the selling price should be:
1.25 * Rs. 1536 = Rs. 1920
So, the correct option is a) Rs. 2000.
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The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?a)Rs. 2000b)Rs. 2200c)Rs. 2400d)Data inadequatee)None of theseCorrect answer is option 'A'. Can you explain this answer?
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The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?a)Rs. 2000b)Rs. 2200c)Rs. 2400d)Data inadequatee)None of theseCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?a)Rs. 2000b)Rs. 2200c)Rs. 2400d)Data inadequatee)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?a)Rs. 2000b)Rs. 2200c)Rs. 2400d)Data inadequatee)None of theseCorrect answer is option 'A'. Can you explain this answer?.
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?a)Rs. 2000b)Rs. 2200c)Rs. 2400d)Data inadequatee)None of theseCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?a)Rs. 2000b)Rs. 2200c)Rs. 2400d)Data inadequatee)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?a)Rs. 2000b)Rs. 2200c)Rs. 2400d)Data inadequatee)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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