On selling an article at 1060, the gain is 20%more than the loss incur

1.	On selling an article at 1060, the gain is 20%more than the loss incurred on selling it at 950.In order to gain 20%, the selling price will be:1. Rs. 1200 2.Rs. 1080 3.Rs. 1800 4. None
Answer» ANSWER: Let C.P. of the article be Rs. x. When S.P. is Rs. 1060, then PROFIT = 1060−x When S.P. is Rs. 950, then Loss = x−950 According to the GIVEN CONDITION, we have Profit =120%ofLoss ⇒ 1060−x= 100 120 ×(x−950) ⇒ 5(1060−x)=6(x−950) ⇒ 5300−5x=6x−5700 ⇒ 11x=11000. ⇒ x=1000. Desire S.P. = 100 120 ×1000= Rs. 1200.

On selling an article at 1060, the gain is 20%more than the loss incurred on selling it at 950.In order to gain 20%, the selling price will be:1. Rs. 1200 2.Rs. 1080 3.Rs. 1800 4. None

Answer»

ANSWER:

Let C.P. of the article be Rs. x.

When S.P. is Rs. 1060, then PROFIT = 1060−x

When S.P. is Rs. 950, then Loss = x−950

According to the GIVEN CONDITION, we have

Profit =120%ofLoss

⇒ 1060−x=

100

120

×(x−950)

⇒ 5(1060−x)=6(x−950)

⇒ 5300−5x=6x−5700

⇒ 11x=11000.

⇒ x=1000.

Desire S.P. =

100

120

×1000= Rs. 1200.

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On selling an article at 1060, the gain is 20%more than the loss incurred on selling it at 950.In order to gain 20%, the selling price will be:1. Rs. 1200 2.Rs. 1080 3.Rs. 1800 4. None​

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On selling an article at 1060, the gain is 20%more than the loss incurred on selling it at 950.In order to gain 20%, the selling price will be:1. Rs. 1200 2.Rs. 1080 3.Rs. 1800 4. None