Question

One item sold for 500 and lost
this item
sold for 700
then come if the shopkeeper had
tripled the profit from the
loss What was the purchase price
A the item ?


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Answer 1

Answer:

Let cost be x so loss at sale at 500 is x-500 and gain at sale at 700 is 700-x . Now 3(x-500)=700-x or 4x=700+1500=2200 or x =2200/4=550. So cost price is 550