Question 120
The Loss incurred by selling an article at Rs.365 is 60% of the gain attained by selling the same article at Rs.701. Find the cost price of the article. (in Rs)
Solution
LET THE COST PRICE AND SELLING PRICE OF THE ARTICLE BE C AND S RESPECTIVELY.
GAIN = 701-C
LOSS = C-365
GIVEN LOSS = 60/100 GAIN
C-365 = 0.6 (701-C)
ON SOLVING , WE GET
C = 491
SO, COST PRICE = RS. 491
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