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