On selling an article for Rs., 500 loss incurred is 20 % . To make a profit of 20 % article must be

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7.Profit and Loss

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On selling an article for $Rs.\, 500$ the loss incurred is $20 \% .$ To make a profit of $20 \%$ the article must be sold at in $Rs.$?

A

$700$

B

$750$

C

$800$

D

$900$

Solution

Loss $=\frac{20}{100}=\frac{C P-500}{C P}$

$C P=$ $Rs. 625$

Now Profit $=\frac{20}{100}=\frac{S P-625}{625}, S P=$ $Rs. 750$

Standard 13

Quantitative Aptitude

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