Multiple choice

The cost price of two articles is Rs. 500. First article is sold at a profit of 20% and second at a loss of 20%. If the selling price of both articles is same, then find the selling price of both articles.

  1. Rs. 480

  2. Rs. 450

  3. Rs. 490

  4. Rs. 470

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP1 = x, CP2 = 500-x. SP1 = 1.2x, SP2 = 0.8(500-x). Since SP1 = SP2, 1.2x = 400 - 0.8x -> 2x = 400 -> x = 200. SP1 = 1.2 * 200 = 240. Total SP = 240 + 240 = 480.