Question

By selling an article for ₹ 500, man lost 10%. Find cost price of the article.​

Answer 1

THE ANSWER OF THIS QUESTION IS 450

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Answer 2

explanation

Rs 550

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

∴ Its C.P.=(500+x)

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.