Profit earned by selling an item for Rs 2650 is 20% more than the loss incurred by selling the same item for Rs 2375. At what price should the item be sold to earn 20% profit?

Question

Accepted Answer

B: Rs 3000

Communication Ability and English Comprehension

Quantitative Ability

Analytical and Logical Ability

General Knowledge and Current Affairs

Profit earned by selling an item for Rs 2650 is 20% more than the loss incurred by selling the same item for Rs 2375. At what price should the item be sold to earn 20% profit?