The Profit earned by selling a jacket for Rs. 9610 is equal to the loss incurred by selling the same jacket for Rs. 7690. What should be the selling price of the jacket to earn 10 percent profit ? |
Rs. 9256 Rs. 9275 Rs. 9416 Rs. 9515 |
Rs. 9515 |
Let cost price of the article be Rs. y, then 9610 – y = y – 7690 ⇒ y + y = 1540 + 1140 ⇒ 2y = 17300 ⇒ y = 8650 ∴ Selling price of the article if it is sold at 10% profit = 8650 × (\(\frac{110}{100}\)) = Rs. 9515. |