Profit earned by selling an article for Rs. 1060 is 20% more than the loss incurred by selling the article for Rs. 950. At what price should the article he sold to earn 20% profit? `R s .980` b. `R s .1080` c. `R s .1800` d. none of these

Explanation

To solve the problem step by step, we will first establish the relationships between the selling price (SP), cost price (CP), profit, and loss.

### Step 1: Define Variables
Let the cost price of the article be \( CP \).

### Step 2: Understand the Profit and Loss Relationships
1. The profit earned by selling the article for Rs. 1060 is given as:
\[
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