📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    The profit earned after selling an article for Rs.1516

    is the same as loss incurred after selling the article for Rs.1012. What is the cost price of the article?
    A 1264 Correct Answer Incorrect Answer
    B 1240 Correct Answer Incorrect Answer
    C 1159 Correct Answer Incorrect Answer
    D 1314 Correct Answer Incorrect Answer

    Solution

    Let CP = Rs. x Profit = Rs. y Therefore, x + y = SP => x + y = 1516 ----- (i) When SP = Rs. 1012, the loss = Rs. y Therefore, x – y = 1012 ------- (ii) Solving both the equation, we get => 2x = 2528 => x = Rs. 1264

    Practice Next
    More Profit and loss Questions
    ask-question