The profit made on an article sold for ₹2400 is equal to the loss incurred when it is sold for ₹2000. What will be the profit or loss percentage if the article is sold for ₹2200?

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Accepted Answer

1. Let cost price be $x$. 
2. Profit at ₹2400 is $2400-x$. Loss at ₹2000 is $x-2000$. 
3. Set them equal: $2400-x=x-2000\Rightarrow x=2200$. 
4. Selling at ₹2200 gives **no profit, no loss**. 
FINAL_ANSWER: d

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