Question

By selling a watch in Rs 150 and Rs 200, loss and profit are seen respectively. If the loss and profit are equal, find its cost price.

Answer 1

Answer:

Purchasing price is 175

Step-by-step explanation:

Let

Purchasing Price of watch = x

Since:

200>150

Its means

when selling price is 150 then seller have a lost

And

When selling price is 200 then seller have a profit

IN CASE OF LOST

We know that

Lost = Purchasing price - selling price

Putting values we get

Lost = x - 150    .............(1)

IN CASE OF PROFIT

We know that

Profit = selling price - Purchasing price

Putting values we get

Profit = 200 - x    ...............(2)

NOW

According to given condition

        LOST = PROFIT

Putting values from equation (1) and equation (2) we get

       x - 150 = 200 -x

⇒        x + x = 200 + 150

⇒           2x = 350

⇒             x = 350 / 2

⇒             x = 175

So

Purchasing price is 175

Answer 2

Answer:

An article is purchased at Rs 500 and sold at gain of 15% on sale.Find the sale price. Please Solve This