Question

3. If the profit earned on selling an article for Rs.810 is the same as loss on selling it for Rs.530
then find the cost price of the article
​

Answer 1

Answer:

Purchasing price is ₹670

Step-by-step explanation:

Let the price of article be ₹x

Then

Profit = Selling price - Purchasing price

Putting values we get

Profit = 810 - x         ∵ Selling price in this case is ₹810

Similarly

We know know that

Loss = Purchasing price - Selling price

Putting values we get

Loss = x - 530           ∵ Selling price in this case is ₹530

Now

According to given condition

Profit = Loss

Putting the values we get

    810 - x =  x - 530

⇒      x + x = 810 + 530

⇒          2x = 1340  

⇒            x = 1340 / 2

⇒            x =  670

So Purchasing price is ₹670

Step-by-step explanation:

Answer 2

Answer:

answer is ₹670.........