Question

Profit after selling a product for Rs. 850 is the same as the loss after selling it for Rs.710. What is the cost of the product?​

Answer 1

Let the cost of the product be Rs. x

Case for profit:

• Cost price = Rs. x
• Selling price = Rs. 850
• Profit = Rs. (850 - x)

Case for loss:

• Cost price = Rs. x
• Selling price = Rs. 710
• Loss = Rs. (x - 710)

Finding the cost price:

It is given that the profit and the loss are numerically same. Then

850 - x = x - 710

or, 2x = 1560

or, x = 780

Therefore the cost of the product is Rs. 780 .

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