The profit made by selling an article for ₹13,400 is equal to the amount of loss incurred on selling the same article at ₹11,600. What will be the profit (in ₹) if it is sold for ₹14,750?
Answer & explanation
Correct answer: option 4
First selling price = 13,400
Second selling price = 11600
The cost price = \(\frac{First\; selling \; price + Second \; selling \; price}{2}\) = \(\frac{13,400 + 11600}{2}\) = 12500
The new selling price = 14,750
Profit = 14,750 - 12500 = 2,250