When an article is sold for #$703#, loss incurred is #25%# less than the profit earned on selling it at #$836#. What is the selling price of the article when it earns a profit of #20%#?
1 Answer
Feb 23, 2018
see a solution process below;
Explanation:
Let the cost price be
loss incurred when sold at
profit earned when sold at
Therefore;
Since its a loss of
Collecting like terms..
Divide both sides by
selling price of the article at
Hence, the selling price of the article when it earns a profit of