The loss incurred by selling a good of 560 is 50 more then the profit earned by selling this same good for 720. Find out the cost price of the good.
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let cost be x
then loss acquired =x-560
loss acquired = 50+profit earned at selling for 720
therefore profit=720-x
which gives us loss=50+720-x
therefore x-560=50+720-x
x-560=770-x
2x=770+560
2x=1330
x=665
then loss acquired =x-560
loss acquired = 50+profit earned at selling for 720
therefore profit=720-x
which gives us loss=50+720-x
therefore x-560=50+720-x
x-560=770-x
2x=770+560
2x=1330
x=665
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