Question 85
The profit earned after selling an article for Rs 996 is the same as the loss incurred after selling the article for Rs 894. What is the cost price of the article ?
Solution
Let the CP be the Cost Price and SP be Selling Price.
Profit = SP - CP = 996 - CP
Loss = CP -SP = CP - 894
Now as Profit = Loss
2*CP = 1890
CP =945
Hence, the cost price is 945.
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