CAT 2016 Quantitative Ability

Question : 26 of 34

Marks: +1, -0

The percentage profit earned by selling an article at Rs. 1,920 is equal to the percentage loss incurred by selling the same article at Rs. 1,280. At what price (in Rs.) should the article be sold to make a profit of 25%?

Your Answer:

Validate

Solution:

Let the C.P of the article be Rs.x.

∴

\;\;{1920-x}/{x}×100

=\;\;{x-1280}/{x}×100

⇒1920 - x

= x - 1280⇒2x = 3200

⇒x=1600

Hence, to make profit of 25% , the S.P

= 125% of 1600 = Rs. 2,000.

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