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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 sale price for making 50% profit?

Correct answer: B. Rs. 960

  • A. Rs. 920
  • B. Rs. 960
  • C. Rs. 1060
  • D. Rs. 1200

Explanation

Let the cost price be Rs. x. Equal profit and loss give Rs. 832 - x = x - Rs. 448, so 2x = Rs. 1,280 and the cost price is Rs. 640. A 50% profit requires selling price = Rs. 640 x 1.50 = Rs. 960. The likely wrong choice is Rs. 920, which does not apply the 50% increase to the calculated cost price.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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