Question 17
Same item is sold for Rs. 600 and Rs. 175, respectively. The profit earned on the first sale is 20 times the loss incurred on the second sale. To make a profit of 30% in the second transaction, at what price the second sale should happen:
Solution
Let the CP be x
Now as per question, $$600-x=20\left(x-175\right)$$
21x = 4100
x= 195.24
Therefore, to make a profit of 30% selling price of second article should be = $$1.3\times\ 195.24\ =\ 253.81$$
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