The profit percentage made on an item sold for Rs.1,920 is equal to the loss percentage made on selling the same item for Rs.1,280. What should the item be sold for in order to make a 25% profit ?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs.2,000.
Let the price be x
⇒ 1920 - x = x - 1280
⇒ 2x = 3200
⇒ x = 1600
Now, for the profit of 25% = 1600 × 125/100 = Rs.2000