Question

2. After selling an articles for rs 1060 shopkeeper eaRN 20% more profit then the loss increased after selling the article at rs 950 find sp​

Answer 1

Answer:

Let C.P. of the article be Rs. x.

When S.P. is Rs. 1060, then Profit = 1060−x

When S.P. is Rs. 950, then Loss = x−950

According to the given condition, we have

Profit =120%ofLoss

⇒ 1060−x=

100

120

×(x−950)

⇒ 5(1060−x)=6(x−950)

⇒ 5300−5x=6x−5700

⇒ 11x=11000.

⇒ x=1000.

Desire S.P. =

100

120

×1000= Rs. 1200.