Question

Profit after selling a commodity for Rs. 548
is the same as loss after selling it for Rs.
432. The cost price of the commodity is
​

Answer 1

Answer:

what is the selling price. you have not mentioned it.without

selling price we cannot take out cost price

Answer 2

The cost price of the commodity is Rs. 490.

What is profit and loss ?

Profit refers to the positive difference between the selling price and the cost price of a commodity or service. On the other hand, loss refers to the negative difference between the selling price and the cost price of a commodity or service.

Let's assume the cost price of the commodity is 'C'.

According to the problem statement, the profit obtained after selling the commodity for Rs. 548 is equal to the loss obtained after selling it for Rs. 432.

The profit or loss on selling a commodity can be calculated using the formula:

Profit or loss = Selling price - Cost price

Using this formula, we can write:

Profit on selling for Rs. 548 = 548 - C

Loss on selling for Rs. 432 = C - 432

Since the profit and loss are equal, we can equate the two expressions:

548 - C = C - 432

Simplifying this equation, we get:

2C = 548 + 432

2C = 980

C = 490

Therefore, the cost price of the commodity is Rs. 490.

To know more about profit and loss and given link below -

https://brainly.in/question/31589

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