#### Question

MCQ

A book seller sold a box of 10 pencils for Rs. 80 and incurred a loss. Had he sold it for Rs. 98, his gain would have been twice the loss he incurred earlier. The cost price of the box of pencils is:

#### Options

Rs. 84

Rs. 86

Rs. 88

Rs. 90

#### Solution

**Rs. 86**

**Explanation:**

Let the cost price of the pencil box is ₹ x

Then, loss = (x − 80)

Profit = (98 − x) = 2 (x − 80)

3x = 98 + 160

`"x"=258/3`= 86

Hence, the cost price of the pencil box = Rs. 86

Concept: Profit and Loss (Entrance Exam)

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