Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 6)
6.
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
Rs. 2000
Rs. 2200
Rs. 2400
Data inadequate
Answer: Option
Explanation:

Let C.P. be Rs. x.

Then, 1920 - x x 100 = x - 1280 x 100
x x

1920 - x = x - 1280

2x = 3200

x = 1600

Required S.P. = 125% of Rs. 1600 = Rs. 125 x 1600 = Rs 2000.
100

Video Explanation: https://youtu.be/0tTd5TwCspY

Discussion:
94 comments Page 2 of 10.

Maha_Lakh said:   4 years ago
Given :
Selling price with profit = 1920/-
Selling price with loss= 1280/
1920 - 1280 =640
RS.640 is loss.

Here Profit==Loss
So,
Half the amount is profit . that is RS.320/- ]

Cost price =selling price-profit.
= 1920 - 320,
=> 1600/
-
What is 25% in 1600/-
25/100 * 1600 = 400.

cp + profit(25%) = sp.
then, 1600+400 = 2000/- that is the selling price with 25%..
(11)

Samita said:   4 years ago
Why 125%? Please explain.
(7)

Jadhav Balaji shankar said:   4 years ago
1920 + 1280 ÷ 2.
1600 than 25%.
1600 * 5/4 = 2000.
(3)

Rony said:   5 years ago
Hello, guys for clear govt. The exam follows these steps:
Cp = average of both selling price (because gap is same)
= 1600.
New sp = 1600 * 5/4 = 2000(ans).
(6)

Saifan said:   5 years ago
since profit(P) and loss(L) percentages are same:
=> P% = L% => P = L .
S.P for P% =1920 ; S.P for L% = 1280
=> 2P =2L = 1920 -1280 = 640
=> P = L = 320
Therefore C.P = S.P(p) - P = S.P(l) + L = 1600

new selling price for 25% profit will be
S.P = ((100 + P) / 100) * C.P = ((100 + 25) / 100) * 1600
= 125/100 * 1600
= 2000
(1)

Subhojit said:   5 years ago
CP = (1920 + 1280)/2.
= 1600.

SP = (CP+profit).
= [1600 + {1600*(25/100)}],
= 1600 + 400,
= 2000.
(3)

Avaneet Agrahari said:   5 years ago
According to me, the solution is;
1920 - 1280 = 640,
Gain% = loss%,
So, 320=320,
320 + 320 = 640,
CP = 1920 - 320 = 1600,
SP = (1600 * 25/100 + 1600) = 2000.

Deepa sri said:   5 years ago
Easy explanation:

Let C.P=x,
Profit=s.p-c.p
=1920-x
Loss=c.p-s.p
=X-1280.

Then,
Profit%=profit/c.p*100
=((1920-x)/x)*100
Loss%=loss/c.p*100
=((x-1280)/x)*100
Profit%=loss%.

By equating the two,
((1920-x)/x)*100=((x-1280)/x)*100
1920-x=x-1280
2x=3200
x=1600.

Therefore, C.P=1600.
Now,the formula,
S.P=((100+profit%)/100)*C.P.
In que ,profit%=25%.
S.P=((100+25)/100)*1600.
=(125/100)*1600
= 2000.
I hope you all understand.

Nalla peru said:   6 years ago
Explain this question properly.
(2)

Mohd Faiq said:   6 years ago
@All

We can also solve this method:

SP1= 1920 , SP2=1280.
let profit % = loss% = x.

CP1= 100*1920 /(100+x).
CP2= 100*1280 /(100-x).

CP1=CP2
100*1920 /(100+x) = 100*1280 /(100-x)
x=20 = profit% = loss%.

CP= 100*1920 /(100+20) [on putting the value of x].
CP=1600.

New SP= (100+25)*1600 / 100,
New SP=1600.


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