Question

A profit earn by selling an article of rs. 1500 is three times the loss incurred ,if the same article is sold for rs. 900. in order to earn a profit of 20%,at what price should the article be sold?

Answer 1

Let CP = x

1500 - x = 3 (x - 900)

1500 - x = 3x - 2700

4x = 4200

x = 1050

Profit = 20%

SP = 120/100 * 1050

= 1260