Practicing Success
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? |
500 450 400 250 |
450 |
Profit = selling price - cost price Loss = cost price - selling price According to the question, (Profit% = Loss%) SP1 - CP = CP - SP2 464 - CP = CP - 436 2CP = 900 CP = 450
Or If profit and loss is equal, then cost price will be the exact middle value of two selling price. Here, SP1 = 464, SP2 =436 Therefore, CP = \(\frac{464\,+\,436}{2}\) = \(\frac{900}{2}\) = 450 |