Question

49. On selling an article for 500 there is some
loss to the shopkeeper. If the same article
could have been sold for ? 700 the
shopkeeper would have got a profit of
three times of his loss. What is the cost
price of the article?
(A) 525
(B) 550
(0 600
(D) * 650​

Answer 1

current loss is x then would-be profit is 3x

If article is sold for 700 then it will first wipe out earlier loss and earn new profits.

=> 700 - 500 = 200 represents 4x

=> x = 50

Cost price = 550

:-)

Answer 2

Answer:

(B) 550.

hope it helps...