The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs.490. At what price should the article be sold to make 25% profit?
715
469
400
750
Explanation:
Let C.P be Rs. x
900 - x = 2(x - 450) => x = Rs.600
C.P = 600 gain required is 25%
S.P = [(100+25) x 600] / 100 = Rs.750
Let C.P be Rs. x
900 - x = 2(x - 450) => x = Rs.600
C.P = 600 gain required is 25%
S.P = [(100+25) x 600] / 100 = Rs.750