Question

19. There is a loss on selling an item in 500.
If this item was sold in 800, then the
shopkeeper would get three times the
profit from the loss earlier. What is the
price of this item?
(1) *650 (2) 550 (3) * 750
(4) * 725​

Answer 1

Answer:

550

Step-by-step explanation:

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Answer 2

Answer:

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

∴ Its C.P.=(500+x)

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.

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