Given:
Selling price 1 = Rs. 4550
Selling price 2 = Rs. 3290
Profit = 5 ×Loss
Formula Used:
Profit = Selling Price- Cost Price
Loss =Cost Price -Selling Price
Solution:
Let the cost price be C.
Profit = 4550 - C
Loss = C - 3290
Profit = 5 ×Loss
4550 - C = 5 × (C - 3290)
4550 - C = 5C - 16450
4550 + 16450 = 6C
21000 = 6C
C = 3500
Selling price for 20% profit = 1.2 ×3500 = 4200
Thus, the selling price is Rs. 4200.
English
80 Questions
160 Marks
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