Practicing Success
The profit earned by selling an article for 832 is equal to the loss incurred when the article is sold for 448. What will be the selling price of the article if it is sold at a 10% loss? |
₹576 ₹540 ₹625 ₹640 |
₹576 |
According to the question, Profit earned by selling the article for Rs. 832 = Loss incurred by selling the article at Rs. 448 ⇒ Original SP - CP = CP - New SP ⇒ 832 - CP = CP - 448 ⇒ 2 × CP = 832 + 448 ⇒ CP = \(\frac{1280}{2}\) ⇒ CP = Rs. 640 Now, the Selling Price for making 10% profit, ⇒ 640 × (\(\frac{9}{10}\) ) ⇒ 64 × 9 ⇒ ₹576 |