Question

an article is sold for ₹500 and hence a loss is incurred had the article been sold for₹700 the shopkeeper would have gained two times the former loss what is the the cost price of the article?
(a) 550 (b) 600 (c) 567 (d) 525​

Answer 1

Answer:

a)550

Step-by-step explanation:

Let cost be x so loss at sale at 500 is x-500 and gain at sale at 700 is 700-x . Now 3(x-500)=700-x or 4x=700+1500=2200 or x =2200/4=550. So cost price is 550.

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Answer 2

Step-by-step explanation:

(a) 550 is the correct answer