Practicing Success
The profit earned on selling an article at ₹720 is half of the loss incurred on selling the same article at ₹360. What is the cost price of the article? |
₹540 ₹600 ₹480 ₹420 |
₹600 |
Let the loss occurred on selling the article at Rs. 360 be Rs. x So, the profit occurred on selling the article at Rs. 720 is Rs. \(\frac{x}{2}\) Now, according to question 720 – \(\frac{x}{2}\) = 360 + x ⇒ \(\frac{3x}{2}\)= 360 ⇒ x = 240 Now, the cost price of article = 360 + x = 360 + 240 The cost price is Rs. 600 |