1. An article is sold for 500 and hence a loss
is incurred. Had the article been sold for
700, the shopkeeper would have gained
three times the former loss. What is the
cost price of the article?
UNV 20191
Answers
Answered by
7
Answer:
Cost price be Rs x
Let the loss be Rs y
Selling Price :- Rs 500
500 = x - y…(a)
W(hen sold at Rs 700 profit is tripled
700 = x + 3y..(b)
Equating a & b
200 = 4y
y = 50
Loss Rs 50
Answer:-
Cost price:- Selling price+ Loss
Cost price = Rs 550
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Answered by
1
Answer:
550
Step-by-step explanation:
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