Question from Profit and Loss chapter, answer..

Ques. The percentage profit earned by selling an item for Rs. 1920 is equal to the percentage loss incurred by selling the same item for Rs. 1280. At what price should the item be sold to make 25% profit? A. Insufficient Data B. Rs. 3000 C. Rs. 2000 D. Rs. 2200

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Your Answer

let c.p=c & profit = p
c+pc/100=1920.........(1)
c-pc/100=1280...........(2)
adding 1 & 2
2c=3200
c=1600
so 25% of c=400
so sp=2000

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