Question 90

The Loss incurred by selling an article at Rs.545 is 60% of the gain attained by selling the same article at Rs.785. Find the cost price of the article. (in Rs)

Solution

Let cost price of the article = Rs. $$x$$

Loss = Rs. $$(x-545)$$

Profit = Rs. $$(785-x)$$

According to ques, => $$x-545=\frac{60}{100}(785-x)$$

=> $$5x-2725=2355-3x$$

=> $$5x+3x=2725+2355=5080$$

=> $$x=\frac{5080}{8}=635$$

$$\therefore$$ Cost price = Rs. 635

=> Ans - (C)

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