Question 110
The profit earned after selling an article for Rs. 1,516 is the same as loss incurred after selling the article for Rs. 1,112. What is the cost price of the article ?
Solution
Let C.P. = $$Rs. x$$
Case 1 : If S.P. = $$Rs. 1,516$$
=> Profit = $$S.P. - C.P. = (1516 - x)$$
Case 2 : If S.P. = $$Rs. 1,112$$
=> Profit = $$C.P. - S.P. = (x - 1112)$$
Acc. to ques, => $$1516 - x = x - 1112$$
=> $$2x = 1516 + 1112 = 2628$$
=> $$x = \frac{2628}{2} = Rs. 1,314$$
Need AI Help?
Create a FREE account and get:
- Download Maths Shortcuts PDF
- 300+ previous papers with solutions PDF
- 500+ Online Tests for Free
