Question

an article is sold for rupees 500 and hands a loss is included had the article been sold for rupees 700 the shopkeeper would have gained three time the former loss what is the cost price of the article
(a) 525 (b) 550 (c) 600 (d) 650​

Answer 1

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(c)600

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