Question

By selling an article for 720 the profit is rs 50 more than loss of selling an article for rs 560 find cost of article

Answer 1

Let CP=x
SP=720
profit =720-x
in case second
SP= 560
Loss=x-560
according to question
(720-x)-(x-560)=50 by solving
2x=1280-50
x=1230/2
CP=615