Question
Selling an item for 440 rupees is the loss of 60% of the
profit received on selling the same item in 1000 rupees. Know the purchase price of that item? (In rupees)Solution
Let cost price of the item be Rs. x According to the question (x-440) =(1000-x) x 60/100 (x-440) = (1000-x) x 3/5 5x-2200 = 3000-3x 5x + 3x = 3000 + 2200 8x = 5200 x = 5200/8 x = 650
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