If an article is sold for ₹2220, the percentage of profit earned by the shopkeeper is the same as the…
Equal profit and loss percentages mean the cost price lies midway between the two selling prices. \[CP=\frac{2220+1580}{2}=1900\] A profit of 25 per cent gives…
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If an article is sold for ₹2220, the percentage of profit earned by the shopkeeper is the same as the percentage of loss incurred on that article if it is sold for ₹ 1580. At what price should the article be sold so as to make a profit of 25%.
Answer and explanation
Correct answer C
Equal profit and loss percentages mean the cost price lies midway between the two selling prices. A profit of 25 per cent gives rupees.
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