Profit earned by selling an article for Rs. 832 is equal to loss incurred when same article is sold

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7.Profit and Loss

medium

The profit earned by selling an article for $Rs. 832$ is equal to the loss incurred when the same article is sold for $Rs. 448.$ What should be the selling price for making $50\%$ profit? (in $Rs.$)

A

$920$

B

$960$

C

$1060$

D

$1200$

Solution

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

$\therefore \quad 832-x=x-448$

or $x=\frac{832+448}{2}=Rs. 640$

$S.P.$ with $50 \%$ profit $=$ $C.P.$ $\times 1.5=640 \times 1.5=Rs. 960$

Standard 13

Quantitative Aptitude

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