The profit earned by selling an article for Rs832 is equal to the loss incurred when the article is sold for Rs448. What will be the selling price of the article if it is sold at a Rs10%, loss?
This questions was previously asked in
SSC CGL 11th April 2022 Shift-2
Explanation:
- Let's break it down. When sold for Rs832, the profit is the same as the loss when selling at Rs448.
- So, Cost Price (CP) can be calculated as:
- Profit = Selling Price - CP = CP - Selling Price.
- Rs832 - CP = CP - Rs448.
- Solving for CP, 2(CP) = Rs832 + Rs448.
- Therefore, CP = Rs640.
- Now, we need to find the selling price at a 10% loss.
- Selling Price at 10% loss = CP - 10% of CP.
- = Rs640 - 0.10 × Rs640.
- = Rs640 - Rs64.
- = Rs576.
- Correct Answer: Option 1 - Rs576
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By: santosh