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The profit earned by selling an item for Rs 700 is equal to the loss incurred when the same item is sold for Rs 400. What is 50% of the price of the item ?
- ARs 200
- BRs 215
- CRs 225
- DRs 235
Correct answer: C
Discussion 1
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CCommunity
Rs 225
Let the price of the item be x
Therefore, 700 - x = x - 400
Therefore, 2x = 1100
Therefore, x = 550
Therefore, 50% of x = 225
Let the price of the item be x
Therefore, 700 - x = x - 400
Therefore, 2x = 1100
Therefore, x = 550
Therefore, 50% of x = 225