Question

The loss incurred by selling an article at
270 is equal to the profit earned by selling
it at 10% profit. What is the cost price of
that article ?
(1)₹90
(2)₹110
(3) 363
(4) 300
(4) None of these. If anyone of u cnt solve please skip n move on don't post irrelevant comments. Don't waste ur time n my time.​

Answer 1

Answer:

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=100120×(x−950)

⇒ 5(1060−x)=6(x−950)

⇒ 5300−5x=6x−5700

⇒ 11x=11000.

⇒ x=1000.

Desire S.P. = 100120×1000= Rs. 1200.