Profit and Loss - Arithmetic Aptitude Questions and Answers

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Discussion :: Profit and Loss

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

Rs. 2000

Rs. 2200

Rs. 2400

Data inadequate

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Answer : Option A

Explanation :

Let C.P. be Rs. x.

Then, $\frac { 1920-X } {X }$		x 100 = $\frac {X -1280 } { X }$		x 100

1920 - x = x - 1280

2x = 3200

x = 1600

Required S.P. = 125% of Rs. 1600 = Rs.			$\frac { 125 } { 100 }$ x 1600		= Rs 2000.

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