Practicing Success
The profit percent earned by selling a centre table for Rs 13440 is equal to the loss percent made by selling the same centre table for Rs 10560. At what price should the article be sold to make 20% profit? |
Rs 12000 Rs 24000 Rs 14400 Rs 18000 |
Rs 14400 |
Let the cost price of the centre table = x Profit at SP = 13440 = Loss at SP = 10560 Thus, 13440 - x = x - 10560 2x = 2880 or x = 12000 CP = Rs 12000 To make profit of 20%, SP = $\frac{6}{5}$ x 12000 = Rs 14400 |