The profit earned by selling an article for ₹832 is equal to the loss incurred when the article is sold for ₹448. What should be the selling price (in ₹) to make a profit of 10% ?

704

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 × (\(\frac{11}{10}\) )

⇒ 64 × 11

⇒ Rs. 704