Question

An article is sold for 500 and hence a loss is incurred had the article been sold for 700 the shopkeepers would have gained three times the former loss what is the cp of the article

Answer 1

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Answer 2

Let CP be=₹x

SP=₹500

loss Had Be Occurred.

Then Loss=CP-SP

=₹(X-500)

NOW IF SP=700

Gain Will be 3 times the loss (x-500)

We know

CP+Gain=SP

X+3(x-500)=700

X+3x-1500=700

4x=700+1500

4x=2200

X=2200/4

X=550

CP=x=₹550

CP=₹550