Question

There is a loss on selling an item in 500.
If this item was sold in 800, then the
shopkeeper would get three times the
profit from the loss earlier. What is the
price of this item?
(1) 3650 (2) 550 (3) 750 (4) 725​

Answer 1

Answer:

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Step-by-step explanation:

Let CP be x

loss =CP-500

Also,

If SP=700,

Profit=700-x

......

Given,

Profit=3*loss

700-x=3*(x-500)

700-x= 3x-1500

3x+x= 1500+700

4x= 2200

x= 550

.....

So cost price is Rs. 550

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Answer 2

550

Step-by-step explanation:

Sp (100-Loss/Profit)× Cp=500(100-Loss)×Cp

700(100-3L)×Cp

500= 100-L

700= 100+3L

500-15L=700+3L

22=200=

200=9.09

22=

Sp=100-9.09=90.91

100-90.91=550

500