Question 51

The profit earned after selling an article for Rs. 878 is the same as loss incurred after selling the article for Rs. 636. What is the cost price of the article ?

Solution

Let the cost price of the article be x Rs. Profit earned by selling it at 878 = 878 - x

Loss incurred by selling the article for 636 = x - 636

But profit earned = loss incurred

So, 878 - x = x - 636

So, x = 757

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