The profit made by selling an article for Rs. 8,800 is equal to the am

1.	The profit made by selling an article for Rs. 8,800 is equal to the amount of loss incurred on selling the same article for Rs. 7,200. What will be the profit per cent, if it was sold for Rs. 9,600?1. 15%2. 25%3. 20%4. 18%
Answer» Correct Answer - Option 3 : 20% Given: The profit made by selling an article for Rs. 8,800 is equal to the amount of loss incurred on selling the same article for Rs. 7,200 Formula used: Profit = selling price - cost price Profit% = Profit × 100/cost price. Calculation: let cost price be Rs. X According to the question: (8800 - X) = (X - 7200) ⇒ 16000 = 2X ⇒ X = 8000 if sp = 9,600 Then, Profit = selling price - cost price ⇒ Profit = 9600 - 8000 = Rs.1600 ∴ Profit % = Profit × 100/cost price ⇒ Profit = (1600 × 100)/8000 = 20 % ∴ The profit percent is 20 %

The profit made by selling an article for Rs. 8,800 is equal to the amount of loss incurred on selling the same article for Rs. 7,200. What will be the profit per cent, if it was sold for Rs. 9,600?1. 15%2. 25%3. 20%4. 18%

Answer» Correct Answer - Option 3 : 20%

Given:

The profit made by selling an article for Rs. 8,800 is equal to the amount of loss incurred on selling the same article for Rs. 7,200

Formula used:

Profit = selling price - cost price

Profit% = Profit × 100/cost price.

Calculation:

let cost price be Rs. X

According to the question:

(8800 - X) = (X - 7200)

⇒ 16000 = 2X

⇒ X = 8000

if sp = 9,600

Then, Profit = selling price - cost price

⇒ Profit = 9600 - 8000 = Rs.1600

∴ Profit % = Profit × 100/cost price

⇒ Profit = (1600 × 100)/8000 = 20 %

∴ The profit percent is 20 %

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