On selling an article at 530, the gain is20% more than the loss incurr

1.	On selling an article at 530, the gain is20% more than the loss incurred onselling it at * 475. In order to gain 20%,the selling price will be
Answer» Let CP = x Then, according to the question, 120/100(x−475)=(530−x) 6/5(x−475)=(530−x) (6x−2850)=(2650−5x) 11x = 5500 Therefore, x = Rs.500 Therefore, Required SP = 500×120/100 = Rs.600

On selling an article at 530, the gain is20% more than the loss incurred onselling it at * 475. In order to gain 20%,the selling price will be

Answer»

Let CP = x

Then, according to the question,

120/100(x−475)=(530−x)

6/5(x−475)=(530−x)

(6x−2850)=(2650−5x)

11x = 5500

Therefore, x = Rs.500

Therefore, Required SP = 500×120/100 = Rs.600