profit earned by selling an article for rs. 1060 is 20% more than the loss incurred by selling the article for rs.950 . At what price should the article be sold to earn 20% profit.?
Answers
Answered by
14
Sorry it did 1 mistake it is 1060 i wrote it 1065
So making change from that step
We have
Cp=1060-60
Cp=1000
Now he wants to earn 20% profit
So
Sp=1000x120/100=1200
Sp=₹1200
This is ur ans hope it will help you in case of any doubt comment below
So making change from that step
We have
Cp=1060-60
Cp=1000
Now he wants to earn 20% profit
So
Sp=1000x120/100=1200
Sp=₹1200
This is ur ans hope it will help you in case of any doubt comment below
Attachments:
niharika181:
hey I didn't understand the ratio part..6:5.....like where did you got that from.?
Ok see
i changed the loss% in fraction
20%=1/5
sorry profit
some of num =6 and denominator =5
okkkkk....got it..!
Hmmm
Answered by
3
Step-by-step explanation:
Correct option is
B
Rs. 1200
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.
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