Question 87

The profit earned in selling an article for Rs.2540 is equal to the loss incurred in selling at Rs.1850. What is
the cost price?

Solution

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Let the C.P of the article be Rs.x

ATQ

profit = loss

$$sp - cp = cp - sp$$

$$2540 - x = x - 1850$$

=> 2x = 2540+1850 = 4390

=> x = 2195= Rs.2195

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