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On selling an article for 500 there is some
loss to the shopkeeper. If the same article
could have been sold for 700 the
shopkeeper would have got a profit of
three times of his loss. What is the cost
price of the article?
(A) 525
(B) 550
(C) 3 600 (D) * 650
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Answer 1

Answer:

550

Step-by-step explanation:

/_____/_____/_____/_____/

500 cp 1 2 3times the lost

difference in sp= 700-500=200. 200 can be divided into four equal portion. they are

the amount of sp(500) money less than cp which is equal to 1 portion of profit out of three when added becomes cp. and 1,2,3 times of profit.

thus, 1/4 of 200=50

cp=550

to get 1times profit of the lost sp will be 600

to get 2 times profit of the lost sp will be 650

to get 3 times profit of the lost sp is 700.