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When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%?
Most Upvoted Answer
When an article is sold for rs 703 loss incurred is 25 percent less th...
Solution:
Given, Loss incurred = Rs. 703
Profit earned on selling price of Rs. 836 is 25% more than the loss incurred.
Let the cost price of the article be 'C'
Loss incurred = C - Selling price
=> C - Selling price = 703 --------(1)
Profit earned on selling price of Rs. 836 is 25% more than the loss incurred.
Profit earned = 836 - C
=> Profit earned = (125/100) * (C - 703) = (5/4) * (C - 703) --------- (2)
We need to find the selling price of the article when it earns a profit of 20%.
Selling price for a profit of 20% = Cost price + 20% of cost price
=> Selling price = (120/100) * C = 6/5 * C
Substituting the value of selling price in equation (1), we get:
C - (6/5)C = 703
=> (1/5)C = 703
=> C = 3515
Therefore, the cost price of the article is Rs. 3515
Now, we need to find the selling price of the article when it earns a profit of 20%.
Selling price for a profit of 20% = (120/100) * 3515 = Rs. 4218
Therefore, the selling price of the article when it earns a profit of 20% is Rs. 4218.
HTML:
Solution:
Given: Loss incurred = Rs. 703, Profit earned on selling price of Rs. 836 is 25% more than the loss incurred.
Let the cost price of the article be 'C'
Loss incurred = C - Selling price, C - Selling price = 703 --------(1)
Profit earned = (125/100) * (C - 703) = (5/4) * (C - 703) --------- (2)
Selling price for profit of 20% = (120/100) * C = 6/5 * C
Substituting the value of selling price in equation (1), we get: C - (6/5)C = 703
After solving, we get the cost price of the article as Rs. 3515
Selling price for a profit of 20% = (120/100) * 3515 = Rs. 4218
Therefore, the selling price of the article when it earns a profit of 20% is Rs. 4218.
Given, Loss incurred = Rs. 703
Profit earned on selling price of Rs. 836 is 25% more than the loss incurred.
Let the cost price of the article be 'C'
Loss incurred = C - Selling price
=> C - Selling price = 703 --------(1)
Profit earned on selling price of Rs. 836 is 25% more than the loss incurred.
Profit earned = 836 - C
=> Profit earned = (125/100) * (C - 703) = (5/4) * (C - 703) --------- (2)
We need to find the selling price of the article when it earns a profit of 20%.
Selling price for a profit of 20% = Cost price + 20% of cost price
=> Selling price = (120/100) * C = 6/5 * C
Substituting the value of selling price in equation (1), we get:
C - (6/5)C = 703
=> (1/5)C = 703
=> C = 3515
Therefore, the cost price of the article is Rs. 3515
Now, we need to find the selling price of the article when it earns a profit of 20%.
Selling price for a profit of 20% = (120/100) * 3515 = Rs. 4218
Therefore, the selling price of the article when it earns a profit of 20% is Rs. 4218.
HTML:
Solution:
Given: Loss incurred = Rs. 703, Profit earned on selling price of Rs. 836 is 25% more than the loss incurred.
Let the cost price of the article be 'C'
Loss incurred = C - Selling price, C - Selling price = 703 --------(1)
Profit earned = (125/100) * (C - 703) = (5/4) * (C - 703) --------- (2)
Selling price for profit of 20% = (120/100) * C = 6/5 * C
Substituting the value of selling price in equation (1), we get: C - (6/5)C = 703
After solving, we get the cost price of the article as Rs. 3515
Selling price for a profit of 20% = (120/100) * 3515 = Rs. 4218
Therefore, the selling price of the article when it earns a profit of 20% is Rs. 4218.
Community Answer
When an article is sold for rs 703 loss incurred is 25 percent less th...
Let the profit be x
cost = 836- x
now, loss at ₹703 = x- ¼x = ¾x
so cost = 703 + ¾x
836 - x = 703 + ¾x
therefore X= 76 approx.
now cost = 836 - x = 760
sale price at 20% profit = 760 + 20% of 760 = 912
cost = 836- x
now, loss at ₹703 = x- ¼x = ¾x
so cost = 703 + ¾x
836 - x = 703 + ¾x
therefore X= 76 approx.
now cost = 836 - x = 760
sale price at 20% profit = 760 + 20% of 760 = 912
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When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%?
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When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%?.
When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When an article is sold for rs 703 loss incurred is 25 percent less than profit earned on selling it for rs 836.what is selling price of article when it earns profit of 20%?.
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