Profit after selling a commodity for Rs. 5240 is same as loss after selling it for Rs. 4520. Find the cost price of the commodity?
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Answer:
Let the Cp b rs. x.
Therefore,
when sold at rs. 425,profit=425-x
when sold at rs. 355,loss=x-355
Acc. To ques.,
x-355=425-x
=>2x=780
=>x=390Therefore 390must b the ans...
Step-by-step explanation:
Profit = SP - CP
Loss = CP - SP
Let the CP be CP.
so profit = 425 - CP
and loss = CP - 355
as per the question, these two are equal.
425 - CP = CP - 355
2 CP = 780
CP = 390 answer
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