The profit earn be selling an article for rs 482 is equal to the loss incurred when the same article is sold for rs 318. What should be the sale price of the article for making 30 percent profit
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profit = loss =x
let cost price = CP
when profit,
482-CP=x (1)
when loss,
CP-318=x (2)
comparing (1)&(2)
482-CP=CP-318
- CP-CP = -482-318
-2CP= -800
2CP=800
CP=400
SP so that profit would be 30%
profit =30/100×400=120
SP= 400+120=520
let cost price = CP
when profit,
482-CP=x (1)
when loss,
CP-318=x (2)
comparing (1)&(2)
482-CP=CP-318
- CP-CP = -482-318
-2CP= -800
2CP=800
CP=400
SP so that profit would be 30%
profit =30/100×400=120
SP= 400+120=520
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