Question

1. An article is sold for 500 and hence a loss
is incurred. Had the article been sold for
2 700, the shopkeeper would have gained
three times the former loss. What is the
cost price of the article?
UNV 2019)
(2) 550
3 7600
(4) *650
(1) 7525​

Answer 1

Answer:

this answer is very hard to find out

Answer 2

Answer: 550

Step-by-step explanation:

Let the loss in the first case=Rs x by when the article is sold at Rs 500.

∴ Its C.P.=(500+x)…..(i)

In the second case The S.P.=Rs700 and he gains 3 times of Rs x.

∴Rs(700−500−x)=Rs 3x

Or 4x=200

Or x=Rs 50.

∴ From (i)  the C.P.=Rs (500+50)=Rs 550.

So the cost price of the article =Rs 550.

Ans Option 2.