Question
Two items, ‘M’ and ‘N’, were sold at Rs. 3600 each.
The profit on ‘M’ equals the loss on ‘N’. If the cost price of ‘M’ is Rs. 2000 less than that of ‘N’, find the cost price of item ‘M’.Solution
Let the cost price of item ‘M’ be Rs. x
Therefore, cost price of item ‘N’ = Rs. (x + 2000)
According to the question,
3600 – x = x + 2000 – 3600
Or, 2x = 4000
Or, x = 2000
Therefore, cost price of item ‘M’ = Rs. 2000
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