The profit earned by selling an article for Rs832 is equal to the loss incurred when the article is sold for Rs448. What should be
the selling price (in Rs) for making 20% profit?
This questions was previously asked in
SSC MTS 7th October 2021 Shift-2
Explanation:
- The problem states that the profit when selling at Rs832 equals the loss when selling at Rs448. This means the difference between Rs832 and Rs448 is twice the loss (or profit), so 2x = Rs832 - Rs448.
- Calculate the loss (or profit): Rs832 - Rs448 = Rs384. Thus, profit or loss = Rs192.
- The cost price (CP) is Rs832 - Rs192 = Rs640 or Rs448 + Rs192 = Rs640.
- To find the selling price for a 20% profit, calculate 20% of the cost price: 20% of Rs640 = Rs128.
- Add the profit to the cost price: Rs640 + Rs128 = Rs768.
- Correct Answer: Option 2 - 768
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By: santosh