Profit & Loss Mcqs

Q.  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?

a. Rs. 920
b. Rs. 960
c. Rs. 1060
d. Rs. 1200


ANSWER: See Answer
 
Let C.P. = Rs. x.

Then, 832 – x = x – 448
2x = 1280 => x = 640
Required S.P. = 150% of Rs. 640 = 150/100 * 640 = Rs. 960.
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