The profit made by selling an article for Rs 72,000 is double the loss incurred when it is sold at Rs 60,000/-. What is the cost price of article?
Let C.P. = x Rs ∴ When SP = Rs. 72,000, profit = 72,000 – x And when SP = Rs. 60,000, Loss = x – 60,000 72,000 – x = 2( x – 60,000) ⇒ 72,000 – x = 2 x - 1,20,000 ⇒ 1,92,000 = 3 x ∴ x = 64,000
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