Question

an article is sold for rs.500 with a profit of rs.65.find the cost price of the article



plz give me the answer with statement...i will mark u as brain list​

Answer 1

Let the loss in the first case=Rs x by when the article is sold at Rs 500.

∴ Its C.P.=(500+x)..(i)

In the second case The S.P.=Rs700 and he gains 3 times of Rs x.

∴Rs(700−500−x)=Rs 3x

Or 4x=200

Or x=Rs 50.

∴ From (i) the C.P.=Rs (500+50)=Rs 550.

So the cost price of the article =Rs 550.

Answer 2

Given :-

SP of article = Rs. 500

Profit = Rs. 65

To Find :-

CP

Solution :-

We know that

Profit = SP - CP

⇒ 65 = 500 - CP

⇒ 65 - 500 = - CP

⇒ -435 = - CP

⇒ 435 = CP

Hence,

CP of article is Rs. 435