Question

an article is sold for ₹500and hence a loss is incurred .had the article been sold for ₹700 the shopkeeper would havr gained three times the former loss .what is the cost price of the article​

Answer 1

Answer:550

Cost Price 550

Sale Price 500

Loss 50

If sale price is 700

Than

700-550=150

50*3=150

Hence the anser is 550

Step-by-step explanation:

Answer 2

Hello buddy,

● Answer -
Cost price = ₹ 550

● Explaination -
Let x be original price of the article.

When article is sold for ₹500,
Loss = x - 500

When article is sold for ₹700,
Profit = 700 - x

Given that, Profit = 3 × Loss
700 - x = 3 (x - 500)
700 - x = 3x - 1500
700 + 1500 = 3x + x
4x = 2200
x = ₹ 550

Therefore, cost price of the article must be ₹550.

Hope this helps you..