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Question : A profit incurred by selling an article for INR 1,032 is equal to the loss incurred when the same article is sold for INR 648. What should be the selling price of the article if the profit is 30%?

Option 1: INR 2,520

Option 2: INR 1,050

Option 3: INR 1,092

Option 4: INR 998


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: INR 1,092


Solution : Let the Cost Price be INR $x$
According to the question,
1032 – $x$ = $x$ – 648
⇒ 1680 = 2$x$
⇒ $x$ = $\frac{1680}{2}$
⇒ $x$ = 840
The selling price (SP) at 30% profit = $\frac{840×130}{100}$ = INR 1092
Hence, the correct answer is INR 1,092.

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