Profit & Loss · Question 22 · Medium
Profit & Loss question 22
The profit earned by selling an article for ₹1,320 is equal to the loss incurred by selling it for ₹1,000. At what price should it be sold to make a 25% profit?
- ₹1,400
- ₹1,450
- ₹1,650
- ₹1,500
Answer and explanation
Answer: B. ₹1,450
Explanation: 1320 − CP = CP − 1000, so CP = ₹1,160. SP for 25% profit = 1.25 × 1160 = ₹1,450.
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