Question
Download Solution PDFProfit obtained on selling an article for Rs. 600 is equal to the loss incurred on selling the same article for Rs. 400. If selling price is Rs. 750, then what is the profit percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Profit on selling an article for Rs.600 = the loss on selling the same article for Rs.400
Formula used:
Loss = cost price (C.P) - selling price (S.P)
Profit = selling price (S.P) - cost price (C.P)
Profit % = {(S.P - C.P) × 100}/C.P
Calculation:
According to the question:
⇒ 600 - C.P = C.P - 400
⇒ 2 × C.P = 1000
⇒ C.P = Rs.500
New S.P = Rs.750
Profit % = {(S.P - C.P) × 100}/C.P
⇒ {(750 - 500) × 100}/500
⇒ {250 × 100}/500 = 50%
∴ The correct answer is 50%.
Last updated on Jul 14, 2025
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