Question

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?

A Rs.64,000 Correct Answer Incorrect Answer
B Rs.78,000 Correct Answer Incorrect Answer
C Rs.84,000 Correct Answer Incorrect Answer
D Rs.60,000 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

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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