The profit earned after selling an article for ₹ 5800 is the same as the loss incurred after selling the article for ₹ 2,200. The profit (in Rs.) is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1,800.
Given:
The profit earned after selling an article for ₹ 5800 is the same as the loss incurred after selling the article for ₹ 2,200
Formula used:
Profit = selling price - cost price
Loss = Cost price - selling price
Calculations:
According to the question;
⇒ 5800 - Cost price = Cost price - 2200
⇒ 2 × Cost price = 8000
⇒ Cost price = 4000
Profit = Selling price - Cost price
⇒ 5800 - 4000 = 1800