Question

10.At which price Anil sold his write? *

500 rupees

600 rupees

700 rupees

400 rupees

Other:

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Answer 1

Answer:

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 B.