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?
Answers
Answered by
4
Answer:
Let cost be x so loss at sale at 500 is x-500 and gain at sale at 700 is 700-x . Now 3(x-500)=700-x or 4x=700+1500=2200 or x =2200/4=550. So cost price is 550.
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Answered by
3
Answer:
₹ 550
Explanation:
We know that Loss = CP - SP
= CP - 500 (SP = 500 given)
When, SP = 700 then, Gain = SP - CP
= 700 - CP (SP = 700 given)
According to question, Gain = 3×Loss
700-CP = 3[CP-500]
==> 700-CP = 3×CP - 1500
==> 700+1500 = 3×CP+CP
==> 2200 = 4(CP)
==> CP = 2200/4 = ₹ 550 Ans.
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