Multiple choice

The percentage profit earned by selling an article for Rs. 3220 is equal to the percentage loss incurred by selling the same article for Rs. 2280. At what price should the article be sold to earn 20% profit?

  1. Rs. 3300

  2. Rs. 2400

  3. Rs. 2500

  4. Rs. 2000

  5. Rs. 3000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP be Rs. x Then, [(3220 - x)/x] * 100 = [(x - 2280)/x] * 100 On solving the equation, we get x = 2750 Selling price = 2750 * 120/100 = Rs. 3300

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