Question 33

The profit on selling an article for Rs.425 is the same as the loss on selling it for Rs.355, then the cost price of the article is

Solution

profit on selling an article for Rs.425

profit = SP - CP (cost price)

profit = 425 - CP

loss on selling it for Rs.355

loss = CP - SP

loss = CP- 355

profit = loss

425 - CP = CP-355

425+355 = 2CP

2CP = 780

CP = rs 390

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