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The percentage profit earned by selling an article for $1920 is equal

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Senior Manager
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Joined: 07 Jul 2012
Posts: 343
Location: India
Concentration: Finance, Accounting
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The percentage profit earned by selling an article for $1920 is equal  [#permalink]

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New post Updated on: 10 Oct 2017, 21:34
1
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

88% (02:18) correct 13% (03:02) wrong based on 24 sessions

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The percentage profit earned by selling an article for $1920 is equal in the percentage loss incurred by selling the same article for $1280. At what price should the article be sold to make 25% profit?

A) 2000
B) 2200
C) 2400
D) 2600
E) 2800

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Originally posted by varun4s on 10 Oct 2017, 19:30.
Last edited by Bunuel on 10 Oct 2017, 21:34, edited 1 time in total.
Renamed the topic.
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Re: The percentage profit earned by selling an article for $1920 is equal  [#permalink]

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New post 10 Oct 2017, 19:34
1
Percent Profit/Loss = x

C + xC = 1920
C - xC = 1280

Solving for C => 2C = 3200 => C = 1600

Sale Price with 25% profit => 1.25*1600 = 2000. So, answer is A.
Re: The percentage profit earned by selling an article for $1920 is equal &nbs [#permalink] 10 Oct 2017, 19:34
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The percentage profit earned by selling an article for $1920 is equal

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