Question 68

The profit earned on selling an article at ₹720 is half of the loss incurred on selling the same article at ₹360. What is the cost price of the article?

Solution

The profit earned on selling an article at ₹720 is half of the loss incurred on selling the same article at ₹360.

$$\left(720- cost\ price\right)\ = \frac{1\left( cost\ price-360\right)}{2}$$

$$1440 - 2\times cost\ price = cost\ price - 360$$

$$1440+360 = 3\times cost\ price$$

$$3\times cost\ price = 1800$$

cost price of the article = ₹600

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