article in Rs 500 and se
article in Rs 7oo. Find the gaine
1) J CP
of
. on
that
Lois
Answers
Answered by
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.
Ans Option B.
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