Question

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

Answer 1

Answer : Let the profit earned by selling the good at Rs. 720 be x ,

so. cost price = 720 - x

In other Case the loss is given given as Rs. 50 more than the profit in first Case,

so, loss is x + 50 , and cost price = 560 + x + 50

Now,

720 - x = 560 + x + 50

720 - x = 610 + x

720 - 610 = x + x

110 = 2x

Now we will divide this and we will get 55

x = 110 ÷ 2

x = 55

so, cost price = 720 - x

so, cost price = 720 - 55

cost price = 665 Rs.

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