Question

profit after selling an article for rs 600 is equal to the loss when the articles is sold for rs 480. if the article is sold for rs 900, what would be the profit percentage?

Answer 1

Thanks for the question!

Let the Cost price be " y "

Now, Profit of selling the article for 600 = 600 -y.

Loss on selling the article for 480 = y - 480

But According to the question,
Profit in the first transaction and loss in the second transaction are equal.

So,

600 - y = y - 480

600 + 480 = 2y

2y = 1080

y = 540 .

Now, We have the Cost price of the article = 540 Rs.

Accordance to the question, The Selling price = 900 Rs

Profit = 900 - 540 = 360Rs .

Profit % = Profit / C. P * 100 = 360/540*100 = 2/3*100 = 200/3% or 66.6%