if the profit on selling an article for Rs 425 is the same as the loss on selling it for rupees 355 then what is the cost price of the article
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Answer:
Hi there!
Let the Cost Price be x
So, Profit = SP - CP = Rs.425 -x
Loss= CP-SP = x- Rs. 355
Given,
Profit in 1st case = Loss in 2nd case
or, 425 - x= x-355
or, 2x = 780
or, x= 780/2 = Rs 390.
Thus, the cost price of the article is Rs 390.
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