The profit earned after selling a mobile phone for Rs 3200 is the same as the loss incurred after selling the same for Rs 2850. Find the CP ?
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Given data :
The profit earned after selling a mobile phone for Rs 3200 = The loss incurred after selling the same for Rs 2850.
Step by step calculation :
Let the cost price of the mobile phone be Rs.x.
As per the data given,
The profit earned after selling a mobile phone for Rs 3200 = The loss incurred after selling the same for Rs 2850. i.e.,
Profit earned - CP of mobile phone = CP of mobile phone - loss incurred.
It means, 3200 - x = x - 2850
⇒ 2x = 3200 + 2850
⇒ 2x = 6050
=> x = 6050 / 2
⇒ x = 3025
Therefore, Cost Price of the mobile phone is Rs. 3025
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