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

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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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