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Selling price Rs.1920 gives the same % profit as selling price Rs.1280 gives % loss. At what price should the article be sold to make 25% profit?
ARs. 2000
BRs. 2200
CRs. 2400
DRs. 3400
Answer & Solution
Correct answer: A. Rs. 2000
1. Let cost = C. (1920 − C)/C = (C − 1280)/C → 1920 − C = C − 1280 → 2C = 3200 → C = 1600.
2. 25% profit price = C × 1.25 = 1600 × 1.25.
3. = 2000. So the price is Rs. 2000.
_Source: KMAT Karnataka 2021 PYQ Q.39_
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