A shopkeeper earns twice profit after selling an article in Rs.85 then the profit incurred after selling the article in Rs.65. Find cost price of the article.
Answer & explanation
Correct answer: option 1
Profit after selling the article at Rs.85 = 85 - C.P.
Profit after selling the article at Rs.65 = 65 - C.P.
ATQ,
85 - C.P. = 2 × (65 - C.P.)
85 - C.P. = 130 - 2 C.P.
C.P. = 45