A salesman has the liberty to sell a hair dryer in his store at a price between Rs. 300 and Rs. 700. Profit earned by selling the hair dryer for Rs. 650 is twice the loss incurred when it is sold for Rs. 350. What is the cost price of the hair dryer?
Answers
Answered by
48
Answer:
450
Step-by-step explanation:
Given
A salesman has the liberty to sell a hair dryer in his store at a price between Rs. 300 and Rs. 700. Profit earned by selling
We know that profit = selling price – cost price
Loss = cost price – selling price
Given 650 – c.p. = 2(cp – 350)
650 – cp = 2cp – 700
650 + 700 = 2cp + cp
3cp = 1350
c p = 1350 / 3
= 450
So cost price of hair dryer will be Rs 450
Answered by
3
Answer:
Step-by-step explanation:650-cp=2(cp-350) =450
Similar questions