Multiple choice

The percentage profit earned by selling an article for Rs. 1470 is equal to the percentage loss incurred by selling the same article for Rs. 980. At what price should the article be sold to make 10% profit?

  1. Rs. 1347.50

  2. Rs. 1350.50

  3. Rs. 1300.50

  4. Rs. 1340.50

  5. None of these

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

Let the C.P. be x. 

1470 - x = x - 980 

2x = 2450 

x = 1225

S.P. = 110% of 1225 = (110*1225)/100 

= Rs. 1347.50