the profit earned by selling an article for Rs 600 is equal to the Lost when the same article is sold for rupees 400 what should be the sale price of the article for making 25% profit
Answers
Answer:
Step-by-step explanation:
Let CP = x
Then 600-x=x-400
-x-x=-400-600
-2x=-1000
x=Rs 500
Required
25/100×500+500
=625
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Sale price of article is Rs. 625.
Given - profit, loss and profit percentage
Find - Sale price
Solution - Let the cost price of article be x. Now, relating the profit and loss of the article to find the value of x or cost price.
We know, Profit = Selling price - Cost price
Loss = Cost price - Selling price
Keep the values and equate the two equations -
600 - x = x - 400
Shifting the values of equation
600 + 400 = x + x
Performing addition on both sides fo equation
1000 = 2x
Performing Division
x = 500
Hence, the cost price of article is Rs. 500.
Now, calculating final selling price.
Selling price =
Keep the values in equation
Selling price =
Selling price =
Cancelling zero from both numerator and denominator
Selling price =
Selling price = Rs. 625
Hence, the selling price of article will be Rs. 625.
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