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
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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