A profit earned by selling an article for ₹1,032 is equal to the loss incurred when the same article is sold for₹ 648. What should be the selling price of the article if the profit is 30%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹ 1,092
Given that
A profit earned by selling an article for ₹1,032 = the loss incurred when the same article is sold for₹ 648.
Profit % = 30%
Selling Price = Cost price + Profit
Cost price = (1032 + 648)/2 = ₹840
Hence, Selling price = 840 + 840 × 30/100 = 840 + 252 = ₹1092