The profit percent gained if an object is sold at Rs 464 is equals to the loss percent when the object is sold at Rs 436. Find the cost price of this object?
Answer & explanation
Correct answer: option 2
$\text{Profit} = \text{Selling Price (when there is a profit)} - CP = 464 - CP$
$\text{Loss} = CP - \text{Selling Price (when there is a loss)} = CP - 436$
$464 - CP = CP - 436$
$464 + 436 = CP + CP$
$900 = 2(CP)$
$CP = \frac{900}{2} = 450$