Given:
The difference in selling price of an article when sold at 21% profit and 10% loss is Rs. 589
Formula used:
Selling Price = Cost Price (100% ± Profit or Loss) [ + for Profit and - for loss ]
Calculation:
let cost price be 100x,
Selling Price at 21% profit = 100x (100% + 21%)
= \(100x \times \frac{121}{100}\)
= 121x
Selling Price at 10% loss = 100x (100% - 10%)
= \(100x \times \frac{90}{100}\)
= 90x
The difference in selling price of an article when sold at 21% profit and 10% loss is Rs. 589,
121x - 90x = 589
31x = 589
x = 589/31
x = 19
Cost price = 100x
= 100 × 19
= 1900
Selling Price at 25% profit = 1900 (100% + 25%)
= \(1900 \times \frac{125}{100}\)
= 19 × 125
= 2375
Selling price at 25% profit is Rs. 2375
Answer is Rs. 2375.
Alternate MethodGiven:
The difference in selling price of an article when sold at 21% profit and 10% loss is Rs. 589
Formula used:
Selling Price = Cost Price (1 ± Profit or Loss) [ + for Profit and - for loss ]
Calculation:
let 100% be cost price,
Difference in selling price,
21% - (-10%) = 589
21% + 10% = 589
31% = 589
1% = 19
Cost price = 100%
= 100 × 19
= 1900
Selling Price at 25% profit = 1900 (1 + 25%)
= \(1900 \times \frac{125}{100}\)
= 19 × 125
= 2375
Selling price at 25% profit is Rs. 2375
Answer is Rs. 2375.