Question

The loss inccured by selling a good for Rs.560 is Rs. 50 more than the profit earned by selling the same good for Rs.720 .Find out the cost price of the good​

Answer 1

Step-by-step explanation:

Let the profit earned by selling goods at Rs 720

So cp=720-x

CP=SP-profit

CP=720-x

In the other case

SP=560

loss=50+x

CP=SP+loss

CP=560+50+x

CP=610+x

then

720-x=610+x

720-610=x+x

110=2x

x=110/2

x=55

CP=720-x

=720-55

Ans=665

Answer 2

Step-by-step explanation:

consider the value of goods is X

when selling on 720, he gain profit Y

and when they selling on 560 they gain loss y+50.

x= 560+(y+50)

x=610+y------1

x=720-y---2

according to 1 and 2

720-y=610+y

720-610= y+y

110= 2 y

y= 55

so x = 610+y

x = 610+55

x= 665

price of good is 665.