The profit earned by selling an article for Rs. 416 is equal to the loss incurred when the same article is sold for Rs. 224. What should be the sale price for making 30% profit?
Solution: Let C.P. =Rs. x. then, 416-x = x - 224
2x = 640
=> x = 320.
.'. Required S.P. =130% of Rs. 320 = Rs.(130*320/100) = Rs. 416.
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