Question

The profit earned by selling an article for Rs. 900 is double the loss incurred when sold for Rs. 490. At what price should it be sold to make 25% profit?

• A. Rs. 715
• B. Rs. 469
• C. Rs. 400
• D. Rs. 783.33

Hint:

Quick Tip: When a problem says “profit is double the loss,” directly form an equation using: \[ \text{Profit} = \text{SP} - \text{CP} \] \[ \text{Loss} = \text{CP} - \text{SP} \] Then solve for the Cost Price (CP) first. After finding CP, use: \[ \text{SP} = \text{CP} \times \left(1 + \frac{\text{Profit \%}}{100}\right) \] to calculate the required selling price.

Answer 1

The Correct Option is D