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If the profit on selling an article for Rs.240 is the same as the loss on selling it for Rs.160, then the cost price of the article is
- ARs.180
- BRs.220
- CRs.200
- DRs.190
Answer not set
Discussion 1
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CCommunity
Let the cost price of the article be C.
Profit on selling it at Rs.240 = 240 – C
Loss on selling it at Rs.160 = C – 160
Given, both the above are equal.
⇒ 240 – C = C – 160
⇒ 2C = 400
⇒ C = 200
Profit on selling it at Rs.240 = 240 – C
Loss on selling it at Rs.160 = C – 160
Given, both the above are equal.
⇒ 240 – C = C – 160
⇒ 2C = 400
⇒ C = 200