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?
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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