NIELIT 2017 Scientist B (CS) - Section A: 3

Question

The percentage profit earned by selling an article for $\text{Rs.}1,920$ is equal to the percentage loss incurred by selling the same article for $\text{Rs.}1,280$. At what price should the article be sold to make $25\%$ profit?

• A. $\text{Rs.}2,000$
• B. $\text{Rs.}2,200$
• C. $\text{Rs.}2,400$
• D. Data inadequate

Answer 1

We Know 

Profit= SP - CP 

Loss= CP - SP

Therefore According to Question 

1920-CP = CP -1280

2CP = 3200

CP=1600

Now for Profit of 25% the Selling price must be 25% more than CP 

therefore 25% of 1600=400

That is SP must be rs 400 more than CP:

 1600+400= Rs 2000 Answer