Question 96

The profit earned after selling an article for Rs. 625/- is the same as loss incurred after selling the article for Rs. 435/- What is the cost price of the article ?

Solution

Let the cost price of the article be X.
So, profit when it is sold for Rs. 625 = 625 - X
Loss made when it is sold for Rs. 435 = X - 435

As they are equal, it implies that 625 - X = X - 435
Or, 2X = 625 + 435 = 1060

Hence, X = 530

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