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Multiple Choice Questions

The profit made by selling an article for Rs 2200 is same as the loss made by selling the same artic...........

Quantitative Aptitude (RBI Grade B) Profit and loss

The profit% made by selling an article for Rs 2200 is same as the loss% made by selling the same article for Rs 1700. What would be the selling price of the article if it is sold at 10% profit?

Rs 2145

Rs 2080

Rs 1975

Rs 1900

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Explanation:

Let CP of article = Rs x
So (2200 – x)/x * 100 = (x – 1700)/x * 100
So 2200 – x = x – 1700
Solving, we get x = Rs 1950
So SP = 110/100 * 1950 = Rs 2145

Hence, option 1 is the correct answer.

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