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The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?
- a)Rs.920
- b)Rs.960
- c)Rs.1060
- d)Rs.1200
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
The profit earned by selling an article for Rs.832 is equal to the lo...
832 – x = x – 448 so, 2x = 1280
⇒ x = 640
So, new SP with 50% profit = 960
Most Upvoted Answer
The profit earned by selling an article for Rs.832 is equal to the lo...
Profit and Loss Calculation:
Let's assume the cost price of the article is C.
Given that the profit earned by selling the article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448.
Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price
According to the given information:
832 - C = C - 448
Solving the above equation:
832 + 448 = 2C
C = (832 + 448) / 2
C = 1280 / 2
C = Rs. 640
Therefore, the cost price (C) of the article is Rs. 640.
Calculating the Sale Price for 50% Profit:
Let's assume the sale price for making a 50% profit is S.
Profit = Selling Price - Cost Price
According to the question, we need to find the sale price that will result in a 50% profit.
Profit = 50% of Cost Price = (50/100) * 640 = Rs. 320
Therefore, the selling price should be the cost price plus the profit.
S = C + Profit
S = 640 + 320
S = Rs. 960
Hence, the sale price for making a 50% profit is Rs. 960.
Let's assume the cost price of the article is C.
Given that the profit earned by selling the article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448.
Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price
According to the given information:
832 - C = C - 448
Solving the above equation:
832 + 448 = 2C
C = (832 + 448) / 2
C = 1280 / 2
C = Rs. 640
Therefore, the cost price (C) of the article is Rs. 640.
Calculating the Sale Price for 50% Profit:
Let's assume the sale price for making a 50% profit is S.
Profit = Selling Price - Cost Price
According to the question, we need to find the sale price that will result in a 50% profit.
Profit = 50% of Cost Price = (50/100) * 640 = Rs. 320
Therefore, the selling price should be the cost price plus the profit.
S = C + Profit
S = 640 + 320
S = Rs. 960
Hence, the sale price for making a 50% profit is Rs. 960.
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The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?a)Rs.920b)Rs.960c)Rs.1060d)Rs.1200Correct answer is option 'B'. Can you explain this answer?
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The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?a)Rs.920b)Rs.960c)Rs.1060d)Rs.1200Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?a)Rs.920b)Rs.960c)Rs.1060d)Rs.1200Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?a)Rs.920b)Rs.960c)Rs.1060d)Rs.1200Correct answer is option 'B'. Can you explain this answer?.
The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?a)Rs.920b)Rs.960c)Rs.1060d)Rs.1200Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?a)Rs.920b)Rs.960c)Rs.1060d)Rs.1200Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The profit earned by selling an article for Rs.832 is equal to the loss incurred when the same article is sold for Rs.448. What should be the sale price for making 50% profit?a)Rs.920b)Rs.960c)Rs.1060d)Rs.1200Correct answer is option 'B'. Can you explain this answer?.
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