Multiple choice

The percentage profit earned by selling an article for Rs. 2180 is equal to the percentage loss incurred by selling the same article for Rs. 1420. At what price should the article be sold to make 30% profit?

  1. Rs.2040

  2. Rs.2110

  3. Rs.2230

  4. Rs.2340
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP be cost price. Profit % at SP=2180 equals Loss % at SP=1420. So (2180-CP)/CP = (CP-1420)/CP. This gives 2180-CP = CP-1420, so 2CP = 3600, CP = 1800. For 30% profit, SP = 1800 × 1.30 = 2340. Option D is correct.

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