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    Question

    The profit earned after selling an article for Rs.1518

    is the same as loss incurred after selling the article for Rs.1116. What is the cost price of the article?
    A 1382 Correct Answer Incorrect Answer
    B 1388 Correct Answer Incorrect Answer
    C 1317 Correct Answer Incorrect Answer
    D 1314 Correct Answer Incorrect Answer

    Solution

    Let CP = Rs. x Profit = Rs. y Therefore, x + y = SP => x + y = 1518 ----- (i) When SP = Rs. 1116, the loss = Rs. y Therefore, x – y = 1116 ------- (ii) Solving both the equation, we get => 2x = 2634 => x = Rs. 1317

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