Question

The profit earned when an article is sold for Rs.

800 is 20 times the loss incurred when it is sold

for Rs. 275. At what price should the article be

sold if it is desired to make a profit of 25% ?​

Answer 1

Answer:

Let Cost Price = CP

800 - CP = 20(CP - 275)

=> CP = 6300/21 = 300

To earn 25% profit, SP should be 300 x 1.25 = 375

:-)

Answer 2

Answer:

Let cost price = CP

800-CP=20(CP-275)

=>CP= 6300/21 =300

To earn 25%profit SP should be 300×1.25 = 375