Profit earned by selling an article for Rs.1060 is 20% more than the loss incurred by selling the ar

Q: What is the correct answer for CUET UG Quantitative Aptitude?

The correct answer is C. Let the Cost Price (CP) of the article be Rs. x. When sold for Rs. 1060, Profit (P1) = $1060 - x$. When sold for Rs. 950, Loss (L1) = $x - 950$. Given: Profit earned is 20% more than the loss incurred. $P1 = L1 + 0.20 \times L1 = 1.20 \times L1$. $1060 - x = 1.2(x - 950)$ $1060 - x = 1.2x - 1.2 \times 950$ $1060 - x = 1.2x - 1140$ $1060 + 1140 = 1.2x + x$ $2200 = 2.2x$ $x = \frac{2200}{2.2} = \f

Q: Profit earned by selling an article for Rs.1060 is 20% more than the loss incurred by selling the article for Rs.950. At what price should the article be sold to earn a 20% profit?

The correct answer is C. Let the Cost Price (CP) of the article be Rs. x. When sold for Rs. 1060, Profit (P1) = $1060 - x$. When sold for Rs. 950, Loss (L1) = $x - 950$. Given: Profit earned is 20% more than the loss incurred. $P1 = L1 + 0.20 \times L1 = 1.20 \times L1$. $1060 - x = 1.2(x - 950)$ $1060 - x = 1.2x - 1.2 \times 950$ $1060 - x = 1.2x - 1140$ $1060 + 1140 = 1.2x + x$ $2200 = 2.2x$ $x = \frac{2200}{2.2} = \f

Q: What are the options for this CUET UG Quantitative Aptitude question?

A. Rs 1100 · B. 1150 · C. 1200 · D. 1250

Question

Profit earned by selling an article for Rs.1060 is 20% more than the loss incurred by selling the article for Rs.950. At what price should the article be sold to earn a 20% profit?

FirstInTest · Accepted Answer

Let the Cost Price (CP) of the article be Rs. x.

When sold for Rs. 1060, Profit (P1) = $1060 - x$.
When sold for Rs. 950, Loss (L1) = $x - 950$.

Given: Profit earned is 20% more than the loss incurred.
$P1 = L1 + 0.20 	imes L1 = 1.20 	imes L1$.
$1060 - x = 1.2(x - 950)$
$1060 - x = 1.2x - 1.2 	imes 950$
$1060 - x = 1.2x - 1140$
$1060 + 1140 = 1.2x + x$
$2200 = 2.2x$
$x = \frac{2200}{2.2} = \frac{22000}{22} = 1000$.
So, the Cost Price (CP) of the article is Rs. 1000.

Now, we need to find the selling price to earn a 20% profit.
Required Selling Price (SP) = CP + 20% of CP
SP = $1000 + 0.20 	imes 1000$
SP = $1000 + 200$
SP = Rs. 1200.

Answer

Rs 1100

Answer

1150

Answer

1200

Answer

1250

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