Profit and loss

Quantitative Aptitude (CGL)

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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

Explanation:

Solution:
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

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