Question

The percentage profit earned by James by selling an article for ₹1,920, equals the percentage loss suffered by selling it at ₹1,500. What should be the selling price if he wants to earn 10 % profit?

• A. ₹7,000
• B. ₹2,000
• C. ₹4,000
• D. ₹1,881

Answer 1

Answer:

D. ₹1,881

The profit earned by selling at ₹1,920 is equal to the loss suffered by selling at ₹1,500. Now, to find the selling price for a 10% profit: Required Selling Price = Cost Price + 10% of Cost Price = x + 0.1x = 1.1x Selling Price = 1.1 * 1710 = ₹1,881.