Question

A businessman makes a profit by selling a sofa set for ₹45.000. When same sofa set is sold for ₹39.000. the
businessman incurs a loss that is equal to the profit earned in the earlier situation. The cost price of the sofa set is:​

Answer 1

Answer:

cost is 42000 because in 45000 he gains 3000 and in 39000 he loses 3000

Answer 2

Answer:

Rs. 42000

Step-by-step explanation:

Since the profit in the earlier situation is equal to the loss incurred in the second situation, let x be the profit/loss of the sofa.

So now,

1) 45000 - x = 39000 + x

2) 6000 = 2x

3) x = Rs. 3000

Therefore, the cost price of the sofa is: 45000 - 3000 / 39000 + 3000 = Rs.42000.