Aptitude question :

The percentage profit earned by selling an item for Rs.2120 is same as the percentage loss incurred by selling the same item for Rs.1480. At what price should the item be sold to get 20% profit.

Ans :

   

   we know that ,

                               Gain% =

                                              

      &

                               Loss %= 

                                             

  According to given condition gain for SP 2120 is same as loss for 1480

 

              

Now , we want SP on which we will get 20 % profit.

       = CP x 20%  =

      

So, SP = 1800+ 360 = 2160 .

 If we sold item for Rs 2160 ,we will get profit of 20 %.