Question

The profit on selling an article for Rs.550 is equal to thrice the loss on selling it for Rs.350. What is the cost price of the article?

Answer 1

Answer:

Profit = 50

then cost = 500

Explanation:

Let x be the profit on SP 550

Then loss is 3x

If y = cost

Then y=550-x =350+3x

On solving the equation

We get x= 50

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