Question

By selling an article at ₹ 540,a profit of 100/8% is made. In order to double the profit, at what price should the article be sold?
1) ₹460
2)₹480
3)₹680
4)₹600​

Answer 1

Correct option is

A

Rs. 750

Let the C.P. be Rs. x.

Then, 900−x=2(x−450)

⇒900−x=2x−900

⇒3x=1800

⇒x=600

i.e., C.P. = Rs. 600, Profit =25 %

∴ S.P. of the article = Rs. (

100

600×125

)= Rs. 750.