Advertisements
Advertisements
Question
If the profit earned on selling an article for ₹ 810 is the same as loss on selling it for ₹ 530, then find the cost price of the article.
Advertisements
Solution
Case 1: Profit = Selling price (S.P) – Cost price (C.P)
Case 2: Loss = Cost price (C.P) – Selling price (S.P)
Given that profit of case 1 = loss of case 2
∴ P = 810 – C.P
L = C.P – 530
Since profit (P) = loss (L)
810 – C.P = C.P – 530
∴ 2C.P = 810 + 530 = 1340
⇒ C.P = `1340/2`
∴ C.P = 670
APPEARS IN
RELATED QUESTIONS
Amina buys a book for ₹ 275 and sells it at a loss of 15%. How much does she sell it for?
A lady shopkeeper allows her customers 10% discount on the marked price of the goods and still gets a profit of 25%. What is the cost price of a fan for her marked at Rs 1250?
A mobile phone is sold for ₹ 8400 at a gain of 20%. The cost price of the mobile phone is ________
A branded Air-Conditioner (AC) has a marked price of ₹ 38000. There is a condition given for the customer.
Selling Price is the same ₹ 38000 but with attractive gifts worth ₹ 3000
Rani bought a set of bangles for ₹ 310. Her neighbour liked it the most. So, Rani sold it to her for ₹ 325. Find the profit or loss to Rani.
Sugan bought a Jeans pant for ₹ 750. It did not fit him. He sold it to his friend for ₹ 710. Find the profit or loss to sugan
Somu bought a second hand bike for ₹ 28,000 and spent ₹ 2,000 on its repair. He sold it for ₹ 30,000. Find his profit or loss
Nathan paid ₹ 800 and bought 10 bottles of honey from a village vendor. He sold them in a city for ₹ 100 per bottle. Find his profit or loss
The marked price of an article when it is sold for Rs 880 after a discount of 12% is ______.
The marked price of an article is ₹ 2,000. The GST on the article is 12% and discount is ₹ 500, the total amount to be paid is ______.
