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The profit earned by selling an article for Rs.730/- is double the loss incurred when the same article is sold for Rs.265/-. what would be the selling price of the article if it is sold at 15% profit?


A) Rs.491/-

B) Rs.495/-

C) Rs.477/-

D) Rs.483/-

E) None of these

Correct Answer:
D) Rs.483/-

Description for Correct answer:
Let cost price = Rs. X

Profit = Rs. (730 - x)

Loss = Rs. (x - 255)

According to question

730 - x = 2\( \times \left(x - 265\right) \)

730 - x = 2x - 530

3x = 1260

x = 420

Required selling price = \( 420 \times \frac{115}{100} = Rs.483 \)

Part of solved IBPS Clerk-Prelims questions and answers : Exams >> Bank Exams >> IBPS Clerk-Prelims




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