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Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?
- a)20
- b)33 1/3
- c)40
- d)33 2/3
Correct answer is option 'B'. Can you explain this answer?
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Profit obtained on selling an article for Rs 310 is equal to the loss...
Let the profit \& loss be x ATQ. 310−x=230+x
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2x=80
x=40
CP of article =Rs.270 when the selling price is Rs 180 loss% 
Most Upvoted Answer
Profit obtained on selling an article for Rs 310 is equal to the loss...
To solve this question, we'll use the formula for calculating profit or loss percentage:
Profit/Loss Percentage = (Profit/Loss Amount / Cost Price) * 100
Let's assume the cost price of the article is 'C'.
According to the given information:
Profit obtained on selling the article for Rs 310 = Loss incurred on selling the article for Rs 230
So, the profit obtained on selling the article for Rs 310 is equal to the loss incurred on selling the article for Rs 230.
Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price
Using the above formulas, we can equate the profit and loss amounts:
310 - C = C - 230
Simplifying this equation, we get:
2C = 540
C = 270
So, the cost price of the article is Rs 270.
Now, let's calculate the profit and loss percentages:
When the selling price is Rs 310:
Profit = Selling Price - Cost Price = 310 - 270 = Rs 40
Profit Percentage = (40/270) * 100 ≈ 14.81%
When the selling price is Rs 230:
Loss = Cost Price - Selling Price = 270 - 230 = Rs 40
Loss Percentage = (40/270) * 100 ≈ 14.81%
We can observe that the profit and loss percentages are equal.
Now, let's find the loss percentage when the selling price is Rs 180:
Loss = Cost Price - Selling Price = 270 - 180 = Rs 90
Loss Percentage = (90/270) * 100 ≈ 33.33%
Therefore, the loss percentage when the selling price is Rs 180 is approximately 33.33%, which corresponds to option B.
Profit/Loss Percentage = (Profit/Loss Amount / Cost Price) * 100
Let's assume the cost price of the article is 'C'.
According to the given information:
Profit obtained on selling the article for Rs 310 = Loss incurred on selling the article for Rs 230
So, the profit obtained on selling the article for Rs 310 is equal to the loss incurred on selling the article for Rs 230.
Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price
Using the above formulas, we can equate the profit and loss amounts:
310 - C = C - 230
Simplifying this equation, we get:
2C = 540
C = 270
So, the cost price of the article is Rs 270.
Now, let's calculate the profit and loss percentages:
When the selling price is Rs 310:
Profit = Selling Price - Cost Price = 310 - 270 = Rs 40
Profit Percentage = (40/270) * 100 ≈ 14.81%
When the selling price is Rs 230:
Loss = Cost Price - Selling Price = 270 - 230 = Rs 40
Loss Percentage = (40/270) * 100 ≈ 14.81%
We can observe that the profit and loss percentages are equal.
Now, let's find the loss percentage when the selling price is Rs 180:
Loss = Cost Price - Selling Price = 270 - 180 = Rs 90
Loss Percentage = (90/270) * 100 ≈ 33.33%
Therefore, the loss percentage when the selling price is Rs 180 is approximately 33.33%, which corresponds to option B.
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Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?a)20b)33 1/3c)40d)33 2/3Correct answer is option 'B'. Can you explain this answer?
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Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?a)20b)33 1/3c)40d)33 2/3Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?a)20b)33 1/3c)40d)33 2/3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?a)20b)33 1/3c)40d)33 2/3Correct answer is option 'B'. Can you explain this answer?.
Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?a)20b)33 1/3c)40d)33 2/3Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?a)20b)33 1/3c)40d)33 2/3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Profit obtained on selling an article for Rs 310 is equal to the loss incurred on selling that article for Rs 230. What will be the loss percentage when the selling price is Rs 180?a)20b)33 1/3c)40d)33 2/3Correct answer is option 'B'. Can you explain this answer?.
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